Global money market funds had significant inflows in cautious trade in the week ending April 5 as a slew of economic data showed a slowdown in U.S. manufacturing and the labor market.
Refinitiv Lipper data indicated a net $61.91 billion inflow into global money market funds for the sixth week. In addition, government bond funds were also bought for $3.38 billion.
U.S., European, and Asian money market funds received $42.51 billion, $25.62 billion, and $280 million, respectively.
With $17.99 billion net selling last week, riskier stock funds lost $8.37 billion.
Financials and healthcare funds lost $1.54 billion and $979 million, while tech gained $616 million.
Global bond funds received $15.16 billion, the most since July 2021.
Investors bought $5.26 billion of high-yield and $1.71 billion of target maturity bond funds but sold $1.15 billion of short-term bond funds.
After two weeks of inflows, energy funds sold $68 million, while precious metal funds bought $685 million for a fourth week.
Equity and bond funds in 23,935 emerging market funds saw a second weekly inflow of $397 million and $412 million, respectively.
