Money Market funds posted their second-highest weekly inflows on record at the start of the month as investors withdrew from underperforming assets, despite a period of outflows and increasing pressure for better disclosure on what cash portfolios actually hold.

Figures from market monitor EPFR show that the first week of November was the second-best to date for inflows into cash funds as investors took a 'flight to quality' approach. EPFR did not put a figure on the amount allocated.