Investors turned to cash funds in international markets, highest inflow to cash since April 2020 Author Reuters


© Reuters.

LONDON, March 26 (Reuters) – Cash funds recorded the highest inflow since April 2020, with $ 45.6 billion for the week ending March 24.

According to data from Bank of America (BofA), investors increased their inflation-protected US Treasury bonds (TIPS).

Inflation-protected US Treasuries (TIPS) recorded $ 1.8 billion, the third-highest money inflow on record.

While the Federal Reserve promises to keep interest rates close to zero in the coming years, investors are worried that inflation will rise, given the strong recovery in the economy.

According to BofA data, the highest inflow in six weeks was seen in the bonds of developing countries with 1.4 billion dollars in tuan funds. On the other hand, Japan equity funds entered the highest level in 21 weeks with $ 2.7 billion.

By: Julien Ponthus
Translated by: Canan Sevgili
Editorial: Can Sezer

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