US Investors Snap Up Money Market Funds on Fears of a Slowdown

GLOBAL MARKET - NEW YORK. U.S. investors shifted heavily into money market funds in the week ending Aug. 7, retreating from riskier assets during a stock market sell-off fueled by fears over an economic slowdown.

According to LSEG data, investors poured a massive $47.48 billion into U.S. money market funds in the largest weekly inflow since April 3, while simultaneously offloading $7.39 billion in equities, ending a three-week buying streak.