July 16, 2020 / 9:17 PM / 24 days ago

UPDATE 1-U.S. money market funds post largest weekly outflow since 2008 -Lipper

(Recasts with money market outflow milestone)

NEW YORK, July 16 (Reuters) - U.S. money market funds posted their largest outflows since 2008 in the week ended on Wednesday, according to Lipper.

U.S.-based money market funds shed $90.1 billion over that weekly period. That is the largest weekly outflow since September 2008 and the second-largest such outflow in Lipper’s data dating back to 1992.

U.S. equity funds also registered outflows of $7.96 billion over that same period, according to Lipper. Both asset classes resumed shedding funds after having snapped a streak of outflows last week.

Meanwhile, taxable bond funds attracted $5.34 billion, and municipal bond funds drew in $857.3 million. (Reporting by April Joyner Editing by Chris Reese and Jonathan Oatis)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below