(Reuters) -Global equity funds came under selling pressure while safe-haven demand bolstered money market funds in the week through August 6, as U.S. tariff announcements and data showing signs of weakness in the U.S. economy fuelled risk aversion.
Investors sold off a net $7.82 billion worth of global equity funds during the week, adding to $29.95 billion worth of net divestments the week before, LSEG Lipper data showed.
They snapped up money market funds to the tune of $135.37 billion, in their most robust weekly net purchase since January 8.
Fund investors rushed to lock in profits from a recent rally after U.S. President Donald Trump announced steep tariffs on exports from dozens of trading partners, including Canada, Brazil, India and Taiwan. A disappointing U.S. jobs report for Ju