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GRAPHIC-U.S. money market funds see biggest weekly inflow in four months -Lipper

reuters.com · 09/24/2021 08:47
GRAPHIC-U.S. money market funds see biggest weekly inflow in four months -Lipper

- U.S. money market funds attracted massive funds in the week to Sep. 22 as caution about the outcome of a Federal Reserve's policy meeting and risks of a possible spillover to the global economy from a property group China Evergrande's troubles, lifted demand for defensive assets.

U.S. money market funds received a net $49.37 billion, which was the biggest weekly inflow since May 26, data from Lipper showed.


The U.S. central bank in its latest policy statement on Wednesday, signalled that it will likely begin reducing its monthly bond purchases as soon as November and the interest rate increases may also follow more quickly than expected.

However, Fed Chair Jerome Powell said the bar for lifting rates from zero is much higher than for tapering. nL1N2QN1LU

Meanwhile, U.S. equity funds faced net selling of $2.57 billion, compared with purchases worth $5.55 billion in the previous week.

U.S. equity value funds faced outflows of $3.04 billion, and growth funds saw net selling of $1.49 billion, after each receiving an inflow in the previous week.

Among equity sector funds, consumer staples and industrials, each faced outflows of about $600 million, however, real estate and consumer discretionary received $554 million and $402 million, respectively in inflows.


U.S. bond funds attracted a net $5.8 billion, and marked a 10th consecutive week of inflows.

Purchases in U.S. municipal debt funds and inflation protected funds jumped 30% and 77% respectively from the previous week to $1.37 billion and $1.02 billion. U.S. short/intermediate government & treasury funds also received inflows of $1.46 billion.


Fund flows into U.S. equities bonds and money market fundshttps://tmsnrt.rs/3lTCiFx

Flows into U.S. equity sector fundshttps://tmsnrt.rs/3EJRUnX

Fund flows into U.S. growth and value fundshttps://tmsnrt.rs/3EOIK9p

Flows into US bond fundshttps://tmsnrt.rs/3zD1k0F

(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; editing by David Evans)

((gaurav.dogra@thomsonreuters.com;))