(Reuters) – U.S. buyers moved giant quantities of cash to the protection of cash market funds within the week to Nov. 6 as they cautiously awaited the U.S. presidential election end result and the Federal Reserve’s coverage determination.
In response to LSEG information, buyers acquired U.S. cash market funds of a web $78.68 billion throughout the week, registering their largest weekly web buy since Sept. 25.
U.S. fairness funds additionally noticed about $3.96 billion price web purchases throughout the week following two weeks of outflows in a row, because of a sturdy $7.27 billion price of web inflows within the large-cap phase throughout the week.
U.S. mid-cap funds additionally witnessed $299 million price of web purchases, however the multi-cap and small-cap segments skilled web outflows of $2.47 billion and $53 million, respectively.
Traders pumped a web $1.01 billion into the commercial sector of their largest weekly web buy since July 17. Conversely, the financials and shopper staples sectors noticed a web $420 million and $354 million price of gross sales.
U.S. bond funds lured inflows for the twenty third week in a row, with buyers securing a considerable $8.05 billion price of funds on a web foundation.
The short-to-intermediate investment-grade U.S. funds witnessed a pointy $3.1 billion price of web purchases, the eighth weekly influx in a row. Common home taxable mounted earnings, and municipal debt funds additionally acquired a notable $1.92 billion and $1.26 billion, respectively.
