This post was originally published on this site
Global money market funds obtained a net inflow of $47.6 billion, which was their fifth consecutive weekly inflow, underscoring investors’ caution after the collapse of two regional U.S. lenders earlier this month.
Graphic: Fund flows: Global equities, bonds and money market – https://fingfx.thomsonreuters.com/gfx/mkt/byprlmymepe/Fund%20flows-%20Global%20equities%20bonds%20and%20money%20market.jpg
Meanwhile, investors sold about $18 billion worth of global equity funds after buying about $13.1 billion a week ago.
They exited U.S. and European equity funds of $20.68 billion and $630 million respectively, but acquired $2.3 billion worth of Asian funds.
Still, some sector-focused equity funds were in demand, with tech and consumer discretionary receiving a net of $1.41 billion and $630 million in net buying.
Graphic: Fund flows: Global equity sector funds – https://fingfx.thomsonreuters.com/gfx/mkt/lbpggjajmpq/Fund%20flows-%20Global%20equity%20sector%20funds.jpg
Meanwhile, global bond funds received $481 million in a second consecutive week of net buying, thanks to safe-haven demand for government bond funds. Global government bond funds had $5.08 billion worth of inflows.
However, high-yield and short- and medium-term bond funds saw $2.94 billion and $1.43 billion worth of net selling, respectively.
Graphic: Global bond fund flows in the week ended March 29 – https://fingfx.thomsonreuters.com/gfx/mkt/egvbyjdjwpq/Global%20bond%20fund%20flows%20in%20the%20week%20ended%20March%2029.jpg
Among commodities, precious metal funds obtained $371 million in a third straight week of net buying. Energy funds also gathered $111 million worth of inflows.
Data for 23,903 emerging market funds showed that equities received $1.1 billion and bonds secured $24 million worth of inflows after witnessing two weekly outflows in a row.
Graphic: Fund flows: EM equities and bonds – https://fingfx.thomsonreuters.com/gfx/mkt/lgpdkjyjgvo/Fund%20flows-%20EM%20equities%20and%20bonds.jpg
