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Global money market funds draw second weekly inflow amid US economic uncertainty

Global investors poured into money market and government bond funds in the week to Aug. 14, preferring to stick with lower risk assets while waiting for more clarity on the health of the U.S. economy. According to LSEG data, investors purchased a net $14.24 billion in global money market funds during the week, adding to the $97 billion bought over the previous seven days. Government bond funds attracted $2.6 billion for a 15th consecutive weekly net inflow.