Meanwhile, investors sold about $18 billion worth of global
equity funds after buying about $13.1 billion a week ago.
They exited U.S. and European equity funds of $20.68 billion
and $630 million respectively, but acquired $2.3 billion worth
of Asian funds.
Still, some sector-focused equity funds were in demand, with
tech and consumer discretionary receiving a net of $1.41 billion
and $630 million in net buying.
Meanwhile, global bond funds received $481 million in a
second consecutive week of net buying, thanks to safe-haven
demand for government bond funds. Global government bond funds
had $5.08 billion worth of inflows.
However, high-yield and short- and medium-term bond funds
saw $2.94 billion and $1.43 billion worth of net selling,
respectively.
Among commodities, precious metal funds obtained $371
million in a third straight week of net buying. Energy funds
also gathered $111 million worth of inflows.
Data for 23,903 emerging market funds showed that equities
received $1.1 billion and bonds secured $24 million worth of
inflows after witnessing two weekly outflows in a row.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Fund flows: Global equities, bonds and money market Fund flows: Global equity sector funds Global bond fund flows in the week ended March 29 Fund flows: EM equities and bonds ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in
Bengaluru; Editing by Varun H K)
March 31 (Reuters) - Global money market funds continued
to attract big inflows in the week ended March 29, as investors
chased safer assets amid lingering worries over the turmoil in
the banking sector and concerns over tightening economic
conditions.
Global money market funds obtained a net inflow of $47.6
billion, which was their fifth consecutive weekly inflow,
underscoring investors' caution after the collapse of two
regional U.S. lenders earlier this month.
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