US money market funds saw significant demand before US elections By Reuters

(Reuters) – U.S. investors moved gargantuan quantities of money to the protection of money market funds in the week to Nov. 6 as they cautiously awaited the U.S. presidential election consequence and the Federal Reserve’s policy determination.

Based mostly mostly on LSEG knowledge, investors bought U.S. money market funds of a earn $78.68 billion one day of the week, registering their largest weekly earn possess since Sept. 25.

U.S. equity funds also saw about $3.96 billion rate earn purchases one day of the week following two weeks of outflows in a row, thanks to a sturdy $7.27 billion rate of earn inflows in the gargantuan-cap section one day of the week.

U.S. mid-cap funds also witnessed $299 million rate of earn purchases, however the multi-cap and minute-cap segments skilled earn outflows of $2.47 billion and $53 million, respectively.

Traders pumped a earn $1.01 billion into the industrial sector of their largest weekly earn possess since July 17. Conversely, the financials and user staples sectors saw a earn $420 million and $354 million rate of sales.

U.S. bond funds lured inflows for the Twenty third week in a row, with investors securing a colossal $8.05 billion rate of funds on a earn basis.

The fast-to-intermediate investment-grade U.S. funds witnessed a pointy $3.1 billion rate of earn purchases, the eighth weekly inflow in a row. Standard domestic taxable mounted profits, and municipal debt funds also bought a distinguished $1.92 billion and $1.26 billion, respectively.