Global money market funds see massive outflows in week to Dec. 16 - Lipper
Reuters
Published Dec 18, 2020 03:12AM ET
(Reuters) - Global money market funds saw big outflows in the week ended Dec. 16, Refinitiv Lipper showed, as investors increased their exposure in equities and bonds, taking higher risks.
Global investors sold $67 billion in money market funds in the week, while the bond funds had an inflow of $6.6 billion, according to the data.
(GRAPHIC: Weekly flows into global assets - https://fingfx.thomsonreuters.com/gfx/mkt/jbyvrbxrlve/weekly%20global%20flows%20into%20assets.jpg)
Equity funds also attracted $2.3 billion, after seeing a meagre inflow of $334 million the previous week, the data showed.
An analysis of 12,745 equity funds, based on Lipper's sector classification, showed technology funds attracted inflows of $2.9 billion, followed by $1.3 billion in industrials and $820 million in healthcare.
(GRAPHIC: Weekly flows into sectors - https://fingfx.thomsonreuters.com/gfx/mkt/azgpoyjrwpd/weekly%20flows%20into%20sectors.jpg)
The data also showed developed-market equity funds faced an outflow of $12.1 billion in the week, while emerging-market equity funds saw an inflow of $4.6 billion.
(GRAPHIC: Weekly flows into EM - https://fingfx.thomsonreuters.com/gfx/mkt/ygdvzjnqxvw/weekly%20flows%20into%20EM.jpg)
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Written By: Reuters
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