Key facts
- Global money market funds attracted $46.1 billion in the week ending September 2.
- U.S. equity funds experienced net outflows of $11.12 billion for the second consecutive week.
- Rising bond yields and oil prices, influenced by renewed Middle East tensions, weighed on investor sentiment.
- Strong results from AI-related companies like Nvidia and Dell helped mitigate broader equity market declines.
- Gold and precious metals funds attracted $2.85 billion, indicating a move towards safe-haven assets.
Global money market funds saw inflows of $46.1 billion in the week through September 2, driven by investor caution stemming from escalating U.S.-Iran tensions and a global bond selloff. Brent crude oil prices surged to a 1-1/2-month high of $97.62 per barrel. U.S. equity funds recorded outflows for a second consecutive week, totaling $11.12 billion, as rising bond yields and oil prices weighed on sentiment. However, strong results from AI-related companies like Nvidia and Dell Technologies helped limit the selloff. U.S. large-cap equity funds saw net outflows of $7.52 billion, while sectoral funds, particularly technology, financials, and industrials, also experienced net selling. Global bond fund inflows cooled to a five-week low, though short-term government and Treasury funds remained popular. Gold and precious metals funds attracted $2.85 billion, signaling a move towards safe-haven assets, while energy funds saw outflows.