Global money market funds have attracted significant investment inflows in the week to June 2 as investors are cautious about the likelihood that global central banks will scale back monetary stimulus policies amid the rising backdrop. inflation levels.
According to data from Refinitiv, money market funds recorded net purchases of $ 20.5 billion, making a fourth straight week of fundraising.
Investors were also on the lookout for US jobs data due Friday for clues to the Fed’s policy plans in the weeks and months to come.
US data released last week showed that a measure of core inflation tracked by the Fed for its 2% target accelerated 3.1% year-on-year in April, the largest increase since July 1992. read more
Meanwhile, global equity funds received net inflows of $ 8 billion, down 23% from the previous week, despite a rally in global equities (.MIWD00000PUS), which reached a low record this week.
The healthcare sector faced outflows worth $ 666 million, the largest in 12 weeks, while tech funds saw inflows of $ 117 million, a 75% drop from compared to last week.
However, funds from the financial sector attracted an influx of $ 2.2 billion, the largest in nine weeks.
Meanwhile, global bond funds received $ 15.8 billion, the largest in four weeks, supported by higher inflows in bonds with lower maturities.
Among commodities funds, precious metals funds posted an inflow of $ 35 million, the lowest in four weeks. On the other hand, energy funds faced an outflow of $ 115 million.
An analysis of 23,757 emerging market funds showed that equity funds attracted $ 2.56 billion in inflows, the largest in 11 weeks, while bond funds received $ 1.6 billion.
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