U.S. money market funds see fourth weekly inflow in a row

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 10 (Reuters) - U.S. money market funds drew inflows for a fourth straight week on worries about an economic slowdown after data pointed to slowing production and a cooling labor market. According to Refinitiv Lipper data, U.S. money market funds obtained a net $42.51 billion worth of inflows in the week to April 5. It was, however, the smallest weekly net purchase since March 8. Meanwhile, U.S. bond funds saw a surge in demand as they obtained a net $8.1 billion, the biggest amount since Jan. 11.


Investors poured $2.81 billion into U.S. general domestic taxable fixed income funds and also received $2.44 billion worth of government bond funds in their eighth week of net buying in a row. Meanwhile, U.S. equity funds recorded $10.34 billion worth of outflows, compared with net selling of $20.75 billion in the previous week. Investors sold U.S. large-, mid- and small-cap equity funds of $5.14 billion, $102 million and $1.81 billion, respectively. Among sector funds, they exited financial and healthcare funds of $1.2 billion and $694 million, respectively, but tech obtained $566 million worth of inflows.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Fund flows: U.S. domiciled equities, bonds and money market funds Fund flows: U.S. bond funds Fund flows: U.S. equity sector funds ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Devika Syamnath)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.