Wary Investors Crowd Money Market and U.S. Bond Funds

The beginning of Q4 saw spooked investors directing over $45 billion into EPFR global-tracked money market funds and a record $15.78 billion into bond funds, according to the data provider. Among the trend highlights, for the sixth week in a row net outflows from Europe Equity Funds exceeded $1 billion, while cash outflows from Japan Equity Funds and redemptions from Emerging Markets Equity Funds reached new records. In the U.S., flows into Mortgage Backed Bond Funds marked the third highest ever recorded, partly due to the Federal Reserve's intent towards maintaining mortgage-backed securities.

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