Weekly inflows in global money market funds hit a 6-month high
Reuters
Published Apr 29, 2022 07:09AM ET
(Reuters) - Global money market funds obtained massive inflows in the week to April 27 as investors rushed to safer assets on concerns over economic slowdown, surging inflation and the war in Ukraine.
According to Refinitiv Lipper, money market funds garnered a net $51.4 billion in their biggest weekly purchase since Oct. 27.
Graphic: Fund flows: Global equities bonds and money market - https://fingfx.thomsonreuters.com/gfx/mkt/byvrjnxagve/Fund%20flows-%20Global%20equities%20bonds%20and%20money%20market.jpg
The MSCI world equity index dropped to a 13-month low this week, hit by fears over aggressive U.S. Federal Reserve tightening and its impact on global growth. Global equity funds witnessed withdrawal worth $12.42 billion, which marked a third weekly net selling in a row. The U.S. and European equity funds had outflows of $10.55 billion and $3.52 billion, respectively. However, Asian funds drew $1.43 billion in net buying.
By sector, financials, consumer discretionary and tech lost $2.51 billion, $0.94 billion and $0.63 billion, respectively, in net selling, while consumer staples gained $1.18 billion in net buying.
Graphic: Fund flows- Global equity sector funds - https://fingfx.thomsonreuters.com/gfx/mkt/lbvgnywxqpq/Fund%20flows-%20Global%20equity%20sector%20funds.jpg
Global bond funds had a fourth weekly outflow in a row, amounting to a net $9.72 billion.
Global high yield funds lost $2.1 billion, and short- and medium-term bond funds forgo $4.08 billion in a 16th consecutive week of outflows. However, government bond funds obtained net inflows of $1.15 billion.
Graphic: Global bond fund flows in the week ended April 27 - https://fingfx.thomsonreuters.com/gfx/mkt/egpbkelxkvq/Global%20bond%20fund%20flows%20in%20the%20week%20ended%20April%2027.jpg
Commodities funds' data showed precious metal funds had their first weekly outflow in 15 weeks, worth $436 million, while selling continued in energy funds for a sixth week, valuing $64 million. An analysis of 24,273 emerging market funds showed weekly net selling in both equity and bond funds surged to at least a six-week high of $1.97 billion and $2.5 billion, respectively.
Graphic: Fund flows: EM equities and bonds - https://fingfx.thomsonreuters.com/gfx/mkt/lgvdwgxzmpo/Fund%20flows-%20EM%20equities%20and%20bonds.jpg
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.