Nov 12 (Reuters) - Global equity funds lured big inflows in the week to Nov. 10 as strong corporate earnings fuelled optimism that the global recovery is continuing, and as world stocks were largely unscathed by the U.S. Federal Reserve’s tapering announcement. Investors bought a net $11.61 billion worth of global equity funds, marking their biggest net buying since the week to Sept. 1, Refinitiv Lipper data showed. Refinitiv data showed 56% of global firms have beaten their consensus earnings forecasts in the third quarter so far. U.S. equity funds drew $6.29 billion in inflows, European funds pulled in $2.59 billion, while Asian funds attracted a net $1.72 billion. Among sector funds, consumer discretionary, industrial and healthcare funds attracted inflows of $975 million, $892 million and $803 million respectively, although technology funds faced net selling of $2.11 billion, their biggest outflow in about six months. Global bond funds secured $11.92 billion in net purchases, which marked a fourth straight week of inflows. Investors bought high yield bond funds of $2.74 billion, marking their biggest weekly purchases in seven months. Government and inflation-linked bond funds attracted $2.57 billion and $2.15 billion respectively, while short- and medium-term bond funds faced outflows of $499 million. Meanwhile, global money market funds drew $27.18 billion in net buying, marking a fourth weekly inflow. Among commodity funds, energy funds received $76 million in a second consecutive week of net buying, while precious metal funds faced outflows for a seventh straight week, worth $155 million. An analysis of 23,871 emerging market funds showed purchases in equity funds dropped to $202 million from $1.81 billion the previous week, while bond funds saw a marginal outflow of $59 million. Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Hugh Lawson
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