Global money market funds attracted over $20 billion for three consecutive weeks, while demand for equity funds cooled down
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Global money market funds have attracted continuous inflows for three weeks, with a net inflow of $24.55 billion in the latest week, mainly due to the easing of rate cut expectations by the Federal Reserve and caution regarding the situation in the Middle East. Asian money market funds saw an inflow of $12.88 billion, reaching a new high for the year. In contrast, demand for stock funds cooled down, with a net purchase of only $3.65 billion. Overseas Chinese stock funds attracted $8.52 billion, marking the largest single-week inflow since December 2020. Global bond funds also continued to attract investments, with a net inflow of $12.43 billion
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