Global money market funds have seen their highest inflow in a year: Lipper
© Reuters. This illustration shows Saudi rial, yuan, Turkish lira, pound, US dollar, euro, and Jordanian dinar banknotes
(Reuters) – Investments in global money market funds rose to their highest level in a year in the week ending April 28. This was due to concerns about rising coronavirus cases and the possibility that the Federal Reserve could scale back its huge quantitative easing program.
Global money market funds received $ 69.16 billion in net inflows, the largest since April last year, data from Refinitiv Lipper showed.
Global equity funds, on the other hand, saw net outflows of $ 15.3 billion on concerns about the speed of a recent price rally and caution about the earnings results of some top companies.
The fund flows into global reverse convertibles and money markets
US equity fund outflows were $ 22.2 billion. Asian equity funds saw modest inflows of $ 0.76 billion, although Japan and India saw outflows of $ 1.2 billion and $ 296 million, respectively, amid concerns about local spikes in coronavirus cases.
European equity funds posted $ 11.17 billion in inflows, helped by strong corporate earnings and optimism about an economic recovery from the COVID-19 pandemic.
The global fund flows into equity sectors https://fingfx.thomsonreuters.com/gfx/mkt/azgvoxoawpd/Global%20fund%20flows%20into%20equity%20sectors.jpg
Meanwhile, global bond funds saw their lowest inflow in four weeks at $ 10.3 billion.
Global Bond Fund Inflows for the Week Ending April 28th https://fingfx.thomsonreuters.com/gfx/mkt/xlbpgekjopq/Global%20bond%20funds%20flows%20in%20the%20week%20ended%20April%2028.jpg
In commodities, precious metals funds saw their first net inflow in 12 weeks of $ 1 million, while energy funds saw outflows for a second straight week.
The fund flows into EM stocks and bonds https://fingfx.thomsonreuters.com/gfx/mkt/oakpewbezpr/Fund%20flows%20into%20EM%20equities%20and%20bonds.jpg
Analysis of 23,873 emerging market funds found equity funds posted net income of $ 657 million, well above the previous week’s $ 25 million, while bond funds saw outflows of $ 181 million.
Disclaimer: Fusion Media would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges, but by market makers. As a result, prices may not be accurate and may differ from the actual market price. This means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media is not responsible for any trading losses you may incur using this information.
Fusion Media, or anyone involved with Fusion Media, assumes no liability for any loss or damage caused by reliance on the information contained on this website, such as data, offers, charts, and buy / sell signals. Please inform yourself comprehensively about the risks and costs associated with trading in the financial markets. This is one of the riskiest forms of investment possible.