April 10 (Reuters) - Global money market funds continued
to attract strong inflows in cautious trade in the week ended
April 5 as a raft of economic data during the week signalled
weakening in the U.S. manufacturing activity and a cooling in
the labor market.
Funds in the global money market saw purchases worth a net
$61.91 billion, that marked a sixth consecutive week of net
inflows, data from Refinitiv Lipper showed. Investors also
purchased a net $3.38 billion worth of government bond funds.
The U.S., European and Asian money market funds obtained
inflows worth $42.51 billion, $25.62 billion and $280 million,
respectively.
Riskier equity funds, meanwhile, witnessed $8.37 billion
worth of outflows after $17.99 billion net selling in the
previous week.
Financials and healthcare sector funds logged outflows of
$1.54 billion and $979 million, respectively, although tech
received $616 million worth of inflows.
Meanwhile, global bond funds drew $15.16 billion worth of
inflows, the biggest amount since July 2021.
Investors purchased $5.26 billion worth of high yield and
$1.71 billion worth of target maturity bond funds, but sold
$1.15 billion worth of short-term bond funds.
Among commodities, precious metal funds received $685
million in a fourth successive week of net buying, while energy
funds saw a marginal $68 million worth of net selling after two
weeks of inflows in a row.
Data for 23,935 emerging market funds showed equity and bond
funds, both obtained a second weekly inflow, amounting $397
million and $412 million, respectively.
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Fund flows: Global equities, bonds and money markets Fund flows: Global equity sectors Global bond fund flows in the week ended April 5 Fund flows: EM equities and bonds ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in
Bengaluru; Editing by Sherry Jacob-Phillips)
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