Global investors chase safer money market, bond funds on virus woes - Lipper

Global investors took shelter in safer money market and bond funds in the week to Aug. 4, as the rapidly spreading Delta variant of COVID-19 dampened hopes for a faster recovery from the pandemic, with some economic data already showing signs of a slowdown.

Data released during the week showed U.S. manufacturing growth slowed for the second straight month in July, while, U.S. private payrolls increased less than expected. Graphic: Global bond funds' flows in the week ended Aug 4 - https://fingfx.thomsonreuters.com/gfx/mkt/movanmrqrpa/Globalper cent20bondper cent20funds'per cent20flowsper cent20inper cent20theper cent20weekper cent20endedper cent20Augper cent204.jpg

Across sectors, tech funds secured a net US$1.46 billion, while consumer discretionary and health care funds lured over US$500 million each.

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