Refinitiv Lipper showed US money market funds received a net inflow of $25.34 billion, a four-fold increase over the previous week.
US inflation-protected bonds also were in demand, as they received inflows worth $1.37 billion.
The US Fed minutes published this week said “a number” of officials thought that if the recovery holds up, it might be appropriate to “begin discussing a plan for adjusting the pace of asset purchases”.
Overall, US bond funds obtained $2.83 billion, the lowest in 10 weeks, with taxable bond funds getting inflows of $2.15 billion and municipal bond funds receiving $485 million.
On the other hand, US equity funds witnessed outflows worth $5.43 billion, with growth stocks accounting for a majority of the…