Reuters writes "Flows into Asian money market funds jump on trade, growth worries." The story tells us, "More money is flowing into safer assets such as money markets and bonds in Asia, data shows, as investors worry over slowing global growth, trade frictions and easier monetary policies. Data from Refinitiv Lipper showed investors bought $​30 billion of Asian money market funds and $​10 billion of the region'​s bond funds in the past two months. However, they sold $​3 billion of equity funds. Their investments in money market funds in the first five months of this year stood at $​34.​7 billion, the highest in four years, the data showed." The piece quotes Paul Sandhu, Head of Multi-​Assets Quant Solutions at BNP Paribas Asset Management in Hong Kong, "We have seen a lot of investors in a wait-​and-​see mode pushing into cash and short-​term deposits, while they wait to see what happens with the trade war talks right now."

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