{"id":112710,"date":"2021-04-23T12:05:45","date_gmt":"2021-04-23T12:05:45","guid":{"rendered":"https:\/\/fin2me.com\/?p=112710"},"modified":"2021-04-23T12:05:45","modified_gmt":"2021-04-23T12:05:45","slug":"global-bond-money-market-funds-attract-inflows-on-rising-virus-concerns","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/global-bond-money-market-funds-attract-inflows-on-rising-virus-concerns\/","title":{"rendered":"Global bond, money market funds attract inflows on rising virus concerns"},"content":{"rendered":"
(Reuters) – Investors poured $16.4 billion into global bond funds and $14.9 billion into money market funds in the week ending April 21, according to Refinitiv Lipper data, as concerns about a global rise in COVID-19 cases prompted moves towards safer assets.<\/p> The inflows at global bond funds were roughly 2% higher than in the previous week, the data showed. The massive inflows into money market funds came after an outflow of $50 billion in the last week.<\/p>\n However, global equity funds saw inflows of $10.8 billion, around 33% less than in the week before.<\/p>\n Flows into global funds<\/p>\n The slowing money inflows into equity funds came as investors started to question lofty stock valuations amid a rise in coronavirus cases and its impact on the global economic rebound.<\/p>\n The majority of equity inflows, however, were at European equity funds, which obtained $8.2 billion, compared with an inflow of $1.5 billion Asian funds and $0.8 billion at U.S. funds.<\/p>\n European equities touched a record high this week, on expectations of higher earnings growth in the first quarter on the back of recovery from lockdowns.<\/p>\n Hit by rising coronavirus cases, Indian equity funds faced an outflow of $287 million in the week, the data showed, their biggest outflow in three months.<\/p>\n India reported the world\u2019s highest daily tally of coronavirus cases for the second day on Friday.<\/p>\n Flows into sector funds<\/p>\n In commodities, safer precious metal funds faced their lowest outflow in 10 weeks, helped by lower bond yields and a sagging dollar.<\/p>\n Concerns about economic recovery affected energy funds, which witnessed an outflow of $195.5 million, the biggest in six weeks.<\/p>\n Emerging market equity funds faced their first outflow in 30 weeks, while emerging market bond funds had an inflow of $714 million, the lowest in three weeks.<\/p>\n Flows into EM funds<\/p>\n