If the fed funds rate is discounted by core personal consumption expenditure (PCE) inflation, the real interest rate is currently a positive 0.275%. The yield on the 3-month U.S. Treasury bill , in which money market funds invest the most, surged to near a 16-year high of 5.175% on Thursday.
Global equity funds, meanwhile, obtained $545 million, marking their first weekly inflow in three weeks.
Investors purchased communication services and financial sector funds of $974 million and $664 million, respectively, while selling a net $845 million worth of healthcare funds. Global bond funds saw inflows dipping to $3.43 billion in the week from $16.45 billion worth of net buying a week ago. Inflows in government bond funds slipped to a nine-week low of $2.33 billion, while high-yield funds faced outflows of $172 million. Global short- and medium-term bond funds received $1.57 billion, the biggest inflow in five weeks.
Among commodities, investors purchased $402 million of precious metal funds in their fifth consecutive week of net buying, while disposing of a net $147 million worth of energy funds.
Data for 23,942 emerging market funds showed equity funds received a third weekly inflow, worth $227 million, while bond funds had $913 million worth of outflows after two weekly net purchases in a row.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Fund flows: Global equities, bonds and money markets Fund flows: Global equity sectors Global bond fund flows in the week ended April 12 Fund flows: EM equities and bonds Fund flows: EM equities and bonds ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Tom Hogue)
