FILE PHOTO: Pedestrians wearing face masks walk near an overpass with an electronic board showing stock information, following an outbreak of the coronavirus disease , at Lujiazui financial district in Shanghai, China March 17, 2020. REUTERS/Aly Song/File Photo
Global investors sold $67 billion in money market funds in the week, while the bond funds had an inflow of $6.6 billion, according to the data. Equity funds also attracted $2.3 billion, after seeing a meagre inflow of $334 million the previous week, the data showed. An analysis of 12,745 equity funds, based on Lipper’s sector classification, showed technology funds attracted inflows of $2.9 billion, followed by $1.3 billion in industrials and $820 million in healthcare.
The data also showed developed-market equity funds faced an outflow of $12.1 billion in the week, while emerging-market equity funds saw an inflow of $4.6 billion.