Global money market funds drew $112.13 billion in the week to March 15, data from Refinitiv Lipper showed. Government bond funds received $8.22 billion during the period, the biggest weekly inflow since July 13, 2022.Investors pulled out $19.2 billion from global equity funds, in their biggest weekly net selling since the third week of December.
The U.S., European and Asian equity funds all witnessed withdrawals, amounting to a net $17.22 billion, $3.31 billion and $270 million, respectively. Among equity sector funds, healthcare, industrials and metals & mining suffered $645 million, $613 million and $258 million worth of net selling, respectively. Consumer discretionary, however, obtained a net $507 million inflow.Global bond funds recorded their first weekly outflow in 11 weeks, amounting a net $5.15 billion, with high-yield funds witnessing $2.51 billion worth of net disposals.
Data for 23,846 emerging market funds showed investors exited $1.23 billion worth of bond funds, and withdrew $1.37 billion out of equity funds after nine weeks of net purchases in a row.Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Shilpi Majumdar
And where do these money market funds place these inflows?😱
Cool 🔥