美联储决议前，投资者大量涌入美国货币市场基金，连续第二周卖出美股基金

Group 1 - The core sentiment in the U.S. market is dominated by risk aversion as investors withdraw from high-risk equity funds and shift significant capital into safer money market funds ahead of the Federal Reserve's policy announcement [1] - Investors net purchased approximately $104.75 billion in U.S. money market funds in the week ending December 3, marking the largest single-week net inflow since November 5, indicating a highly defensive stance in the market [1] - U.S. equity funds experienced a net sell-off of about $3.52 billion for the second consecutive week, reflecting a growing preference for safer assets amid concerns over high valuations in large-cap tech stocks [1] Group 2 - Despite expectations of potential interest rate cuts typically benefiting the stock market, investors are reducing their exposure to risk assets, with mid-cap stock funds facing net outflows for the seventh consecutive week, totaling $49.492 million [2] - Large-cap and small-cap stock funds also recorded net disposals of $476 million and $1.18 billion, respectively, indicating a widespread cautious sentiment across various market segments [2] - Defensive sectors have shown relative resilience, attracting approximately $510 million in net inflows, with industrial sector funds receiving $510 million and gold and precious metals stock funds garnering $293 million in net inflows [2] Group 3 - The fixed income market reflects a cautious investor attitude, with overall net inflows significantly shrinking [3] - Short- to medium-term investment-grade bond funds attracted $1.45 billion in net inflows, while municipal bond funds saw inflows of $737 million [3] - In contrast, short- to medium-term government and treasury bond funds experienced a reversal, recording outflows of $1.58 billion, indicating a defensive adjustment in bond portfolio allocations [3]