Global money market funds attract robust inflows on central bank policy caution

Nov 3 - Investors channelled substantial sums into global money market funds in the week leading to Nov. 1, seeking the safety of these assets ahead of pivotal policy decisions from the world's leading central banks.

On Tuesday, the Bank of Japan loosened its yield curve control with another policy adjustment, hinting at a cautious retreat from its extensive monetary stimulus. Global equity funds drew a net $1.79 billion, the first weekly inflow in seven thanks to a surge in demand in Asia and cooling selling pressure in the U.S. and Europe. Investors poured about $2.63 billion into Asian funds, the most in four weeks.

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