STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Global money market funds attracted robust inflows in the week ended Sept. 6, as investors gravitated towards safer options amid concerns over slowing growth in China and Europe as well as uncertainty regarding the Federal Reserve's interest rate outlook.
Investors favoured safer assets on worries that a slowdown in China and Europe would weigh down global growth. By region, U.S., European and Asian money market funds drew $32.18 billion, 20.75 billion and $1.64 billion, respectively, in inflows. Investors withdrew $463 million from communication services sector funds, while metals & mining, healthcare and consumer staples saw outflows of about $300 million each.
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