Global money market funds draw inflows for third week in a row

Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration

Investors readjusted their views on future Fed rate cuts last week following a stronger than expected U.S. nonfarm payrolls report for the last month, boosting demand for low-risk assets. Overseas China equity funds attracted a sharp $8.52 billion, the biggest amount for a week since at least December 2020.

Data covering 29,545 emerging market funds showed equity funds attracted a massive $8.55 billion, the largest amount since January 2021. Investors also purchased $1.76 billion of bond funds.Will AI Agents Make Software Companies Artificial Intelligence Winners, Like Nvidia?

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