In the week leading up to Russia’s invasion of Ukraine, US investors bought money market funds and withdrew capital from higher-risk equity funds, as a rush for safety dominated markets.
Money market funds in the United States received $5.98 billion in net inflows for the first time since January 26.
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Investors sold $1.92 billion in US equities funds, the first weekly outflow in three weeks.
Growth-oriented equity funds in the United States had net selling of $2.61 billion, the most in three weeks, while value funds saw net buying of $537 million.
Financials and technology experienced outflows of $1.07 billion and $0.87 billion, respectively, among sector funds, while healthcare and consumer discretionary had outflows of roughly $0.5 billion apiece.
Bond funds in the United States lost $3.66 billion for the seventh week in a row, but the net selling was 92 percent lower than the previous week.
Municipal bond funds saw $1.35 billion in inflows, while taxable bond funds saw $1.53 billion in outflows for the eighth week in a row.
For the sixth week in a row, short/intermediate investment-grade and high-yield funds in the United States had outflows of $2.93 billion and $1.14 billion, respectively. Net purchases of $1.15 billion were made by general domestic taxable fixed income funds in the United States.
Source Reuters
