U.S. Investors Flock to Money Market Funds, Largest Weekly Purchase Since Jan. 3
U.S. investors show strong interest in money market funds, purchasing $42.54 billion in the week leading up to Feb. 28 amidst uncertainties on interest rates and inflation.
U.S. investors showed strong interest in money market funds in the week leading up to Feb. 28, as they purchased a net $42.54 billion worth of U.S. money market funds, marking the largest weekly net purchase since Jan. 3, according to data from LSEG. This surge in buying comes amidst lingering uncertainties surrounding interest rate cuts and ahead of a key reading on inflation.
The U.S. Federal Reserve's core personal consumption expenditures (PCE) price index data, released on Thursday, revealed that the annual increase in inflation was the smallest in nearly three years. This news had investors on edge, especially following higher-than-expected readings for consumer and producer prices in recent weeks.
On the other hand, U.S. equity funds saw $196 million in inflows during the week, a welcome change from the $4.89 billion worth of net selling in the previous week. This positive sentiment was driven by Nvidia's (NASDAQ:NVDA) upbeat earnings outlooks. The tech sector, consumer discretionary, and metals & mining sectors also saw significant inflows during the week.
In terms of fund segments, U.S. growth funds received $613 million worth of inflows after experiencing outflows of $3.57 billion in the previous week. However, value funds continued to see outflows, with $449 million worth of net selling for the second consecutive week.
U.S. bond funds remained popular for the 10th consecutive week, attracting a net $1.88 billion worth of inflows. U.S. short/intermediate investment-grade funds saw the largest inflow in three weeks, with $2.59 billion coming in. On the other hand, high yield and short/intermediate government & treasury funds experienced net selling of $450 million and $267 million, respectively.
U.S. investors showed a strong appetite for money market funds and U.S. equity funds in the week leading up to Feb. 28, as they navigated uncertainties surrounding interest rates and awaited key inflation data.
U.S. Investors Flock to Money Market Funds, Largest Weekly Purchase Since Jan. 3
Norway’s Sovereign Wealth Fund Holds CHF 35 Billion in Swiss Investments
In a recent announcement, Norges Bank CEO disclosed that the Norwegian sovereign wealth fund has investments in Switzerland totaling CHF 35.5 billion. Explore the details of these substantial investments and their implications for the financial landscape.
In a recent announcement, Norges Bank CEO disclosed that the Norwegian sovereign wealth fund has investments in Switzerland totaling CHF 35.5 billion. Explore the details of these substantial investments and their implications for the financial landscape.
Read moreApartment Stocks Outperforming Other REITs Amid Tough Housing Market
Discover why stocks in companies that own apartment buildings are thriving in the current U.S. housing market, despite overall declines in the real estate sector.
Discover why stocks in companies that own apartment buildings are thriving in the current U.S. housing market, despite overall declines in the real estate sector.
Read moreEmerging Market Equities Outperform US and Europe, Offering Highest Returns
Discover why investing in emerging market equities can yield higher returns than traditional markets like US and Europe. Stay ahead of the game.
Discover why investing in emerging market equities can yield higher returns than traditional markets like US and Europe. Stay ahead of the game.
Read moreUK Government Raises Investment Thresholds for High Net Worth Investors
Learn about the UK government's decision to reinstate private market investment thresholds, making it easier for high net worth individuals to invest.
Learn about the UK government\'s decision to reinstate private market investment thresholds, making it easier for high net worth individuals to invest.
Read moreInside Greece’s Last Golden Visa Program: What’s Changing
Explore Greece's golden visa program, one of Europe's last, and learn about upcoming changes to the controversial residency scheme.
Explore Greece\'s golden visa program, one of Europe\'s last, and learn about upcoming changes to the controversial residency scheme.
Read moreEurope’s Private Credit Funds Relying More on Banks for Funding
Discover the risks associated with European private credit funds turning to banks for funding, as research shows a record 80% utilizing 'subscription lines' in 2023.
Discover the risks associated with European private credit funds turning to banks for funding, as research shows a record 80% utilizing \'subscription lines\' in 2023.
Read moreNorthWall Capital Enhances Credit Business with Sentry Loan Portfolio Management
Learn how NorthWall Capital is optimizing its private debt portfolio with Broadridge's Sentry solution for efficient operations.
Learn how NorthWall Capital is optimizing its private debt portfolio with Broadridge\'s Sentry solution for efficient operations.
Read moreBNP Paribas and Citi Lead Strategic Investment in United Fintech Group Limited
BNP Paribas and Citi invest in United Fintech, signaling a shift towards collaborative fintech innovation. Join the transformative journey.
BNP Paribas and Citi invest in United Fintech, signaling a shift towards collaborative fintech innovation. Join the transformative journey.
Read moreSibstar Secures £125K Investment from Dragons’ Den to Enhance Financial Inclusion for Dementia Patients
Learn how Sibstar's innovative debit card and mobile app, backed by Sara Davies and Deborah Meaden, is revolutionizing everyday spending for individuals living with dementia.
Learn how Sibstar\'s innovative debit card and mobile app, backed by Sara Davies and Deborah Meaden, is revolutionizing everyday spending for individuals living with dementia.
Read more