Economy42 minutes ago (Apr 29, 2022 07: 11AM ET)
© Reuters. FILE PHOTO: Traders work on the bottom of the Contemporary York Inventory Alternate (NYSE) in Contemporary York Metropolis, U.S., January 25, 2022. REUTERS/Brendan McDermid/File Photo
(Reuters) – World money market funds obtained broad inflows in the week to April 27 as traders rushed to safer sources on considerations over economic slowdown, surging inflation and the war in Ukraine.
Consistent with Refinitiv Lipper, money market funds garnered a secure $51.4 billion of their biggest weekly rob since Oct. 27.
Graphic: Fund flows: World equities bonds and money market – https://fingfx.thomsonreuters.com/gfx/mkt/byvrjnxagve/Fund%20flows-%20World%20equities%20bonds%20and%20money%20market.jpg
The MSCI world equity index dropped to a 13-month low this week, hit by fears over aggressive U.S. Federal Reserve tightening and its impact on world boost. World equity funds witnessed withdrawal worth $12.42 billion, which marked a third weekly secure selling in a row. The U.S. and European equity funds had outflows of $10.55 billion and $3.52 billion, respectively. Then again, Asian funds drew $1.43 billion in secure buying.
By sector, financials, consumer discretionary and tech misplaced $2.51 billion, $0.94 billion and $0.63 billion, respectively, in secure selling, whereas consumer staples won $1.18 billion in secure buying.
Graphic: Fund flows- World equity sector funds – https://fingfx.thomsonreuters.com/gfx/mkt/lbvgnywxqpq/Fund%20flows-%20World%20equity%20sector%20funds.jpg
World bond funds had a fourth weekly outflow in a row, amounting to a secure $9.72 billion.
World excessive yield funds misplaced $2.1 billion, and quick- and medium-term bond funds forgo $4.08 billion in a 16th consecutive week of outflows. Then again, government bond funds obtained secure inflows of $1.15 billion.
Graphic: World bond fund flows in the week ended April 27 – https://fingfx.thomsonreuters.com/gfx/mkt/egpbkelxkvq/World%20bond%20fund%20flows%20in%20the%20week%20ended%20April%2027.jpg
Commodities funds’ files confirmed treasured steel funds had their first weekly outflow in 15 weeks, worth $436 million, whereas selling persisted in energy funds for a sixth week, valuing $64 million. An analysis of 24,273 rising market funds confirmed weekly secure selling in every equity and bond funds surged to a minimal of a six-week excessive of $1.97 billion and $2.5 billion, respectively.
Graphic: Fund flows: EM equities and bonds – https://fingfx.thomsonreuters.com/gfx/mkt/lgvdwgxzmpo/Fund%20flows-%20EM%20equities%20and%20bonds.jpg