Global Investors Favor Money Market Funds Amid Economic Concerns

Reported about 2 months ago

In the week ending August 14, global investors showed a strong preference for money market and government bond funds, investing $14.24 billion in the former as economic uncertainties in the U.S. persisted. This trend followed a disappointing jobs report and disappointing manufacturing data that had caused previous stock market declines. Despite the cautious stance, recent positive retail sales figures contributed to a slight recovery in equities, with riskier funds seeing a small resurgence of $857 million in net inflows.

Source: YAHOO

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