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Tuesday, March 21, 2023

The US registered the largest inflow of funds in 3 years

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US money market funds posted the biggest weekly inflows in nearly three years in the week ending March 15, as investors pulled out of risky assets and they fled in search for security Fearing the consequences of the recent bankruptcy of three US banks.

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However, the injection of funds made on Thursday by large US banks in the First Republic Bank, based in San Francisco, eased some concerns.

According to data from Refinitiv Lipperthe investors amassed a net worth of $108.17 billion in US money market fundsregistering his highest weekly net purchase since April 2020. They were also made with public debt funds worth of 7.490 million dollars.

Meanwhile, the US equity funds recorded withdrawals of money worth 17.120 million dollars during the week, the most since Jan. 4.

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Investors sold $9.74 billion and $1 billion in equity funds large- and mid-caps, respectively, while Small-cap funds only attracted $97 million.

The industrial and real estate funds registered net sales worth $200 million eachwhile investors also they withdrew 333 million dollars from health funds. For their part, the consumer discretionary funds got some net inflows of $512 million.

For their part, the US bond funds reported net withdrawals of $831 millionafter two consecutive weeks of net purchases.

The investors came out of short/intermediate investment grade US funds, of high performance and participation in loans worth dand 4.100 million dollars, 1.8 billion dollars and 1.67 billion dollars, respectively, while secured short/medium US government and Treasury funds of $5.46 billion.

Source: Ambito

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