Reported about 21 hours ago
Investors injected $158.73 billion into global money market funds in the week ending January 8, 2025, driven by worries over impending tariff hikes with the change in U.S. administration and anticipation of a key jobs report. President-elect Donald Trump has indicated a 10% tariff on all imports and a 25% tariff on Canada and Mexico, prompting this influx. While equity funds also attracted investments, commodity funds faced withdrawals, reflecting a cautious market sentiment.
Source: YAHOO