financetom
Economy
financetom
/
Economy
/
US money market funds saw significant demand before US elections
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US money market funds saw significant demand before US elections
Nov 9, 2024 1:06 PM

(Reuters) - U.S. investors moved large amounts of money to the safety of money market funds in the week to Nov. 6 as they cautiously awaited the U.S. presidential election outcome and the Federal Reserve's policy decision.

According to LSEG data, investors acquired U.S. money market funds of a net $78.68 billion during the week, registering their largest weekly net purchase since Sept. 25.

U.S. equity funds also saw about $3.96 billion worth net purchases during the week following two weeks of outflows in a row, thanks to a robust $7.27 billion worth of net inflows in the large-cap segment during the week.

U.S. mid-cap funds also witnessed $299 million worth of net purchases, but the multi-cap and small-cap segments experienced net outflows of $2.47 billion and $53 million, respectively.

Investors pumped a net $1.01 billion into the industrial sector in their largest weekly net purchase since July 17. Conversely, the financials and consumer staples sectors saw a net $420 million and $354 million worth of sales.

U.S. bond funds lured inflows for the 23rd week in a row, with investors securing a substantial $8.05 billion worth of funds on a net basis.

The short-to-intermediate investment-grade U.S. funds witnessed a sharp $3.1 billion worth of net purchases, the eighth weekly inflow in a row. General domestic taxable fixed income, and municipal debt funds also received a notable $1.92 billion and $1.26 billion, respectively.

(Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Arun Koyyur)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Taiwan pledges chip talks and investment to mollify Trump
Taiwan pledges chip talks and investment to mollify Trump
Feb 14, 2025
* Trump again criticises Taiwan for taking semiconductor business * Taiwan president pledges more investment in United States * Taiwan plans to raise defence spending, president says (Updates February 14 story to add TSMC declining to comment, paragraph 12) By Yimou Lee and Ben Blanchard TAIPEI, Feb 14 (Reuters) - Taiwan President Lai Ching-te pledged on Friday to talk with...
Trump funding freeze halts wildfire prevention work
Trump funding freeze halts wildfire prevention work
Feb 14, 2025
(Reuters) -The Trump administration has halted funding for federal programs to reduce wildfire risk in western U.S. states and has frozen hiring of seasonal firefighters as part of broad cuts to government spending, according to organizations impacted by the moves. The reduction in resources for wildfire prevention comes a month after devastating blazes in Los Angeles that are expected to...
Ray Dalio Warns of Looming US Debt Crisis, Says America Faces 'Economic Heart Attack' Without Fiscal Cuts
Ray Dalio Warns of Looming US Debt Crisis, Says America Faces 'Economic Heart Attack' Without Fiscal Cuts
Feb 15, 2025
Billionaire investor Ray Dalio recently expressed grave concerns over the escalating U.S. federal debt. What Happened: Dalio shared his apprehensions at the World Government Summit in Dubai on Thursday. He drew a comparison between the burgeoning $36 trillion national debt and plaque clogging the arteries of the U.S. financial system. Dalio foresees the possibility of an “economic heart attack” within the next three...
Trump Unveils $500 Billion Trade Goal To Supercharge US-India Ties
Trump Unveils $500 Billion Trade Goal To Supercharge US-India Ties
Feb 15, 2025
Indian Prime Minister Narendra Modi’s visit to Washington this week was a focused, business-oriented trip, with key agreements with President Donald Trump and challenges shaping the US-India relationship. The working visit saw Trump announce a significant expansion in US military sales to India, including F-35 jets, alongside increased oil and gas exports to help narrow the trade deficit. Both nations...
Copyright 2023-2026 - www.financetom.com All Rights Reserved