Uncertainty boosts investors' safe-haven demand, and US money market funds ushered in large inflows

Zhitongcaijing · 10/25 13:33

The Zhitong Finance App learned that US money market funds attracted a large amount of capital inflows during the week ending October 23 because the uncertainty of the US election and a reassessment of the Fed's interest rate cut prospects boosted investors' demand for safer assets. According to LSEG data, US money market funds received net inflows of US$29.98 billion in the week ending October 23, the fourth week of net inflows in five weeks.

21.png

Meanwhile, riskier equity funds had a net outflow of US$2.54 billion in the week ending October 23, ending three consecutive weeks of net inflows. However, US industry equity funds received capital inflows for the second week in a row, with a net inflow of US$1.03 billion; non-essential consumer goods funds, gold and precious metals funds, and communications services funds received capital inflows of US$802 million, US$677 million, and US$599 million respectively.

22.png