Global money market funds obtain highest inflows in 14 weeks - Lipper

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Investments into money market funds surged to the highest this year in the week ended March 31, as investors favoured safety amid a fall in bond prices and fresh lockdowns in Europe, with the region grappling to contain a rising number of coronavirus infections.

FILE PHOTO: Rolled Euro banknotes are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

On the other hand, equity funds obtained inflows of $17.6 billion, the lowest in three weeks, pressured by a surge in U.S. bond yields. In the last week, equity inflows were led by the financial sector which saw a net buying of 2.37 billion, while industrial sector received $1.1. billion, the biggest in four weeks.

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