© Reuters. Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration
(Reuters) – Investments into global money market funds surged to the highest in a year in the week ended April 28, on worries about rising coronavirus cases and the possibility of the Federal Reserve scaling back its huge quantitative easing programme.
Global money market funds received a net inflow of $69.16 billion, the biggest since April last year, data from Refinitiv Lipper showed.
Global equity funds, on the other hand, recorded net outflows of $15.3 billion on concerns over the speed of a recent price rally and caution ahead of earnings results by some top firms.
Fund flows into global equities bonds and money markets https://fingfx.thomsonreuters.com/gfx/mkt/ygdpzlxmxpw/Fund%20flows%20into%20global%20equities%20bonds%20and%20money%20markets.jpg
Outflows from U.S equity funds totalled $22.2 billion. Asian equity funds had a small inflow of $0.76 billion, although Japan and India saw outflows of $1.2 billion and $296 million respectively on concerns over local spikes...read more...