links for 2011-08-08

  • Money market funds over the past week have seen $70 billion in redemptions, the largest since the pivotal collapse of Lehman Brothers in September 2009, according to Bank of America Merrill Lynch data.
    Stocks funds saw $11.2 billion in outflows, with long-only funds losing $6.5 billion, the largest since May 2010. US equities saw $8 billion in outflows. At the same time, commodities had inflows of $2.9 billion—primarily in gold funds—while bonds saw their first outflows in six weeks but at a relatively tepid pace of $1.2 billion.
    Investors also bailed on municipal bonds, with an $800 million outflow marking the biggest such move since April, and safe-haven Treasurys saw inflows of $739 million, BofAML said.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.