Global Money Market Funds Record Highest Inflow in a Year: Lipper By Reuters

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© Reuters. This illustration shows banknotes of the Saudi riyal, yuan, Turkish lira, pound, US dollar, euro and Jordanian dinar

(Reuters) – Investments in global money market funds surged to their highest level in a year in the week ending April 28, on concerns about rising coronavirus cases and the possibility that the Federal Reserve cut back on your massive quantitative easing program. Global money market funds received a net inflow of $ 69.16 billion, the highest since April last year, data from Refinitiv Lipper showed. Global equity funds, on the other hand, posted net outflows of $ 15.3 billion on concerns about the speed of a recent price rally and caution ahead of earnings results from some of the major companies. Fund flows into global money markets and equity bonds https://fingfx.thomsonreuters.com/gfx/mkt/ygdpzlxmxpw/Fund%20flows%20into%20global%20equities%20bonds%20and%20money%20markets.jpg Total outflows of US equity funds $ 22.2 billion. Asian equity funds had a small inflow of $ 0.76 billion, although Japan and India posted outflows of $ 1.2 billion and $ 296 million, respectively, on concerns about local spikes in coronavirus cases. European equity funds posted an entry of $ 11.17 billion, bolstered by strong corporate earnings and optimism about an economic recovery from the COVID-19 pandemic. Global Cash Flows to Equity Sectors https://fingfx.thomsonreuters.com/gfx/mkt/azgvoxoawpd/Global%20fund%20flows%20into%20equity%20sectors.jpg Meanwhile, global bond funds posted their most recent entry small in four weeks at $ 10.3 billion. Global Bond Cash Flows for the Week Ending April 28 https://fingfx.thomsonreuters.com/gfx/mkt/xlbpgekjopq/Global%20bond%20funds%20flows%20in%20the%20week%20ended%20April%2028 .jpg In commodities, precious metals funds posted their first net inflow in 12 weeks of $ 1 million, while energy funds saw a second straight week of outflows. Cash Flows to Emerging Market Equities and Bonds https://fingfx.thomsonreuters.com/gfx/mkt/oakpewbezpr/Fund%20flows%20into%20EM%20equities%20and%20bonds.jpg An analysis of 23,873 emerging market funds showed Equity funds withdrew a net $ 657 million, notably higher than the $ 25 million the previous week, while bond funds suffered outflows of $ 181 million.

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