In the week ending October 23, global investors turned large investments into safe money market funds as they were wary of the upcoming US and Japanese elections and changes in the US interest rate outlook. According to LSEG Lipper data, investors made significant net purchases of global money market funds worth US$25.78 billion this week, the largest weekly net purchase volume since September 25. Mark Haefele, chief investment officer at UBS Global Wealth Management, said, “We have sent a signal that investors should expect market fluctuations before the election. Market sentiment may continue to be weak as November 5 approaches.” During this statistical period, net purchases of US money market funds were US$29.98 billion, compared with a net outflow of US$11.79 billion in the previous week. Meanwhile, net purchases of global equity funds fell to $4.2 billion, a four-week low. Investors made a massive purchase of $1.6 billion worth of gold and precious metals funds, the biggest weekly net purchase since January 2022.

Zhitongcaijing · 10/25 12:09
In the week ending October 23, global investors turned large investments into safe money market funds as they were wary of the upcoming US and Japanese elections and changes in the US interest rate outlook. According to LSEG Lipper data, investors made significant net purchases of global money market funds worth US$25.78 billion this week, the largest weekly net purchase volume since September 25. Mark Haefele, chief investment officer at UBS Global Wealth Management, said, “We have sent a signal that investors should expect market fluctuations before the election. Market sentiment may continue to be weak as November 5 approaches.” During this statistical period, net purchases of US money market funds were US$29.98 billion, compared with a net outflow of US$11.79 billion in the previous week. Meanwhile, net purchases of global equity funds fell to $4.2 billion, a four-week low. Investors made a massive purchase of $1.6 billion worth of gold and precious metals funds, the biggest weekly net purchase since January 2022.