Global Money Market Funds Attract Big Inflows on Inflation Concerns: Lipper

Global Money Market Funds Attract Big Inflows on Inflation Concerns: Lipper
A nearly empty trading floor is seen at the New York Stock Exchange (NYSE) in New York on May 22, 2020. Brendan McDermid/Reuters
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Global money market funds saw huge inflows in the week to Oct. 6, as investors favored safety amid concerns over higher inflation, supply shortages, and distress in the China property sector.

According to data from Lipper, investors purchased a net $13.95 billion in global money market funds in the week, compared with net selling of $21.85 billion in the previous week.