Reported 17 days ago
Global money market funds experienced significant inflows of $127.44 billion in the week leading up to November 6, as investors sought refuge ahead of the U.S. presidential election and a Federal Reserve policy meeting. This surge represents the largest weekly net purchase since January, driven by increased investments in U.S. funds totaling $78.68 billion, along with substantial contributions to European and Asian funds. Despite the outflows in financial and consumer sectors, global bond funds continued to attract money for the 46th consecutive week, indicating a shift towards safety in uncertain times.
Source: YAHOO