Sept 4 (Reuters) - Global money market funds attracted significant inflows in the week through September 2, as escalating U.S.-Iran tensions and a selloff in global bonds prompted investors to increase cash holdings and favour shorter-duration debt.
Investors added a net $46.1 billion to global money market funds, the biggest weekly inflow since August 5, according to LSEG Lipper data.
The United States struck Iranian military targets near the Strait of Hormuz, while Tehran said it had targeted U.S. **** ets across the region. Brent crude climbed to a nearly 1-1/2-month high of $97.62 a barrel, adding to inflation concerns.
Rate worries also resurfaced after Federal Reserve Chair Kevin Warsh said last week that the central bank would "have work to do" if policymakers were not confident underlying inflation was returning to its 2% target.
Meanwhile, global equity funds attracted net inflows of $6.65 billion, more than reversing the previous week's $6.13 billion in outflows.
#billion #investors #attracted #inflation
Investors added a net $46.1 billion to global money market funds, the biggest weekly inflow since August 5, according to LSEG Lipper data.
The United States struck Iranian military targets near the Strait of Hormuz, while Tehran said it had targeted U.S. **** ets across the region. Brent crude climbed to a nearly 1-1/2-month high of $97.62 a barrel, adding to inflation concerns.
Rate worries also resurfaced after Federal Reserve Chair Kevin Warsh said last week that the central bank would "have work to do" if policymakers were not confident underlying inflation was returning to its 2% target.
Meanwhile, global equity funds attracted net inflows of $6.65 billion, more than reversing the previous week's $6.13 billion in outflows.
#billion #investors #attracted #inflation
12 days ago
