Economic system3 hours in the past (Apr 29, 2022 07: 11AM ET)
© Reuters. FILE PHOTO: Traders work on the ground of the Novel York Stock Alternate (NYSE) in Novel York City, U.S., January 25, 2022. REUTERS/Brendan McDermid/File Boom
(Reuters) – Global money market funds purchased massive inflows in the week to April 27 as traders rushed to safer resources on concerns over financial slowdown, surging inflation and the war in Ukraine.
Per Refinitiv Lipper, money market funds garnered a win $51.4 billion in their ultimate weekly blueprint shut since Oct. 27.
Graphic: Fund flows: Global equities bonds and money market – https://fingfx.thomsonreuters.com/gfx/mkt/byvrjnxagve/Fund%20flows-%20Global%20equities%20bonds%20and%20money%20market.jpg
The MSCI world equity index dropped to a 13-month low this week, hit by fears over aggressive U.S. Federal Reserve tightening and its influence on global growth. Global equity funds witnessed withdrawal worth $12.42 billion, which marked a third weekly win selling in a row. The U.S. and European equity funds had outflows of $10.55 billion and $3.52 billion, respectively. On the different hand, Asian funds drew $1.43 billion in win looking out out for out.
By sector, financials, person discretionary and tech misplaced $2.51 billion, $0.94 billion and $0.63 billion, respectively, in win selling, whereas person staples gained $1.18 billion in win looking out out for out.
Graphic: Fund flows- Global equity sector funds – https://fingfx.thomsonreuters.com/gfx/mkt/lbvgnywxqpq/Fund%20flows-%20Global%20equity%20sector%20funds.jpg
Global bond funds had a fourth weekly outflow in a row, amounting to a win $9.72 billion.
Global high yield funds misplaced $2.1 billion, and short- and medium-term bond funds forgo $4.08 billion in a 16th consecutive week of outflows. On the different hand, authorities bond funds purchased win inflows of $1.15 billion.
Graphic: Global bond fund flows in the week ended April 27 – https://fingfx.thomsonreuters.com/gfx/mkt/egpbkelxkvq/Global%20bond%20fund%20flows%20in%20the%20week%20ended%20April%2027.jpg
Commodities funds’ recordsdata confirmed treasured metallic funds had their first weekly outflow in 15 weeks, worth $436 million, whereas selling persisted in energy funds for a sixth week, valuing $64 million. An prognosis of 24,273 emerging market funds confirmed weekly win selling in each equity and bond funds surged to at the very least a six-week high of $1.97 billion and $2.5 billion, respectively.
Graphic: Fund flows: EM equities and bonds – https://fingfx.thomsonreuters.com/gfx/mkt/lgvdwgxzmpo/Fund%20flows-%20EM%20equities%20and%20bonds.jpg
Connected Articles
