U.S. money market funds see fourth weekly inflow in a row

According to Refinitiv Lipper data, U.S. money market funds obtained a net $42.51 billion worth of inflows in the week to April 5. It was, however, the smallest weekly net purchase since March 8.Meanwhile, U.S. bond funds saw a surge in demand as they obtained a net $8.1 billion, the biggest amount since Jan. 11.

Investors poured $2.81 billion into U.S. general domestic taxable fixed income funds and also received $2.44 billion worth of government bond funds in their eighth week of net buying in a row.Meanwhile, U.S. equity funds recorded $10.34 billion worth of outflows, compared with net selling of $20.75 billion in the previous week.

Investors sold U.S. large-, mid- and small-cap equity funds of $5.14 billion, $102 million and $1.81 billion, respectively. Among sector funds, they exited financial and healthcare funds of $1.2 billion and $694 million, respectively, but tech obtained $566 million worth of inflows.Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Devika Syamnath

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global money market funds witness inflows for sixth straight weekGlobal money market funds continued to attract strong inflows in cautious trade in the week ended April 5 as a raft of economic data during the week signalled weakening in the U.S. manufacturing activity and a cooling in the labor market.
Source: Reuters - 🏆 2. / 97 Read more »

How Green Mortgages Can Help Finance an Energy-Efficient Home and Save MoneyGreen mortgage loans can help homebuyers finance energy efficiency upgrades including heating, windows and renewables, and make more use of climate incentives.
Source: nbcbayarea - 🏆 596. / 51 Read more »