whoa. anyone have insight on this? (particularly: where did all that money from money market funds go to? and why are stocks rallying in the face of net redemptions?)
13:32 ET Fund Flows Equity mutual funds reported net cash outflows of a modest $796mln for the week ended Wednesday, April 30. Most domestic and international sectors reported redemptions. Taxable bond funds continue to be the big winners with high yield really raking it in ($1.1bln to HY). International, global and emerging market debt funds all reported inflows for the fifth consecutive week. Government/mortgage funds reported net outflows. And finally, money market funds were hit with net redemptions totaling $46.6bln and municipal bond funds had net inflows of $330mln.
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