U.S. money market funds attracted a large inflow of funds in the week ending October 23, as uncertainty surrounding the U.S. election and a reassessment of the prospects for a Fed rate cut boosted investors' demand for safer assets. According to LSEG data, U.S. money market funds saw a net inflow of $29.98 billion in the week ending October 23, marking the fourth consecutive week of net inflows in five weeks. Meanwhile, higher-risk stock funds experienced a net outflow of $2.54 billion in the week ending October 23, ending a three-week trend of net inflows. However, U.S. sector stock funds saw a second consecutive week of inflows, with a net inflow of $1.03 billion; non-essential consumer goods funds, gold and precious metals funds, and communication services funds received inflows of $0.802 billion, $0.677 billion, and $0.599 billion respectively
According to the VESYNC Financial APP, U.S. money market funds attracted a large inflow of funds in the week ending October 23rd, as uncertainty surrounding the U.S. election and a reassessment of the prospects for a Fed rate cut boosted investors' demand for safer assets. Based on data from LSEG, U.S. money market funds saw a net inflow of $29.98 billion in the week ending October 23rd, marking the fourth consecutive week of net inflows in five weeks.
Meanwhile, higher-risk stock funds experienced a net outflow of $2.54 billion in the week ending October 23rd, ending a three-week trend of net inflows. However, U.S. sector stock funds saw a second consecutive week of inflows, with a net inflow of $1.03 billion; non-essential consumer goods funds, gold and precious metals funds, and communication services funds received inflows of $0.802 billion, $0.677 billion, and $0.599 billion, respectively.
