Money Markets See Biggest Inflows Since 2013 in Run for Cash
- U.S. mutual funds gobble up $45 billion: EPFR Global
- European equity, emerging-market bond managers hit by outflows
Photographer: Andrew Harrer/Bloomberg
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Investors poured the most cash since October 2013 into global money markets on the heels of trade tensions and turmoil in developing economies.
At $45 billion, U.S. funds were the biggest beneficiaries of the $55 billion inflow in the week through June 6 -- the second-highest on record -- according to EPFR Global. Allocations into U.S. inflation-protected bond vehicles also hit their highest since the fourth quarter of 2016, according to the data provider.