Investors bought just $533 million in world equity mutual funds and exchange-traded funds, which invest primarily in international stocks, in the week ended May 2. That was the slowest weekly pace for this category since January 2017, according to the Investment Company Institute.
After surging to $43 billion in January, monthly inflows into world equity funds slowed to an estimated $8 billion in April. That's the lowest level for that figure since December 2016.
One reason for this is that growth abroad appears to be slowing. Data from European factory orders to European inflation readings have been missing forecasts lately. In the Citigroup Economic Surprise Index, a broad measure of how expectations for economic data are being met, the eurozone index has dropped to its lowest level since September 2011.