Early in January 2019, investors withdrew $6.5bn from US equity funds, for a fourth straight week of out flows, and $4bn and $3.4bn from US high-yield bond and loan funds, respectively. Aside from the...

Early in January 2019, investors withdrew $6.5bn from US equity funds, for a fourth straight week of out flows, and $4bn and $3.4bn from US high-yield bond and loan funds, respectively. Aside from the fight to safety, investors pointed to the increased yield on money market funds as another reason for the inflows.