US money market funds draw biggest weekly inflow in seven months

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Nov 3 (Reuters) - U.S. money market funds received a big influx of capital in the seven days to Nov. 1, driven by investor caution ahead of the Federal Reserve's policy decision and the Treasury Department's announcement on its expected funding needs...

According to LSEG data, U.S. money market funds accumulated inflows amounting to a net $56.52 billion during the week, marking the most significant weekly net purchase since March 29.cs..

Investors' selling of U.S. equity funds in the week, eased to a six-week low of $110 million, on a net basis...

Investors pulled out a net $4.08 billion from sectoral equity funds in their biggest weekly net selling since June 22, 2022..

U.S. short/intermediate investment-grade funds and high-yield funds suffered a net $2.96 billion and $987 million worth of disposals, respectively..

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