Global equity funds attracted the largest weekly inflow in three weeks in the week through October 22 as signs of easing trade tensions between the United States and China, and strong earnings from some top U.S. companies, boosted risk sentiment.

Investors acquired a net $11.03 billion worth of global equity funds during the week, the most for a week since October 1, data from LSEG Lipper showed. Hopes of progress on a potential U.S.-China trade deal during a potential meeting between U.S. President Donald Trump and Chinese President Xi Jinping next week renewed investor appetite for risk assets.

U.S. equity funds saw a net $9.65 billion worth of inflows following two successive weeks of outflows.

Asian funds also witnessed a net $2.81 billion weekly inflow while European funds lost about $2.25 billion in net outflows.

Among sectoral funds, the technology sector attracted $2.92 billion, the largest amount for a week since October 1. Investors also added gold and precious metals equity funds of $886 million and industrial sector funds of $819 million.

Global bond funds drew approximately $17.33 billion with investors extending net purchases into a 27th straight week.

Euro-denominated bond funds saw a net $3.2 billion weekly inflow following a net $2.76 billion of purchases the prior week.

Government bond funds and corporate bond funds also gained a net $3.13 billion and $1.78 billion, respectively, in weekly inflows.

Money market funds, meanwhile, secured a net $13.12 billion in weekly purchases as investors reversed the prior week's $7.02 billion net sales.

Gold and precious metals commodity funds stayed in demand for a ninth consecutive week as these funds received a net $7.16 billion weekly investment.

In emerging markets, bond funds were popular for the third straight week with about $1.2 billion in net inflows. Equity funds, however, lost $440 million in a second successive weekly outflow, data for a combined 28,826 funds showed.