NEW YORK Chinese internet stocks, housing-related debt, and leasing older planes while the Boeing 737 MAX remains grounded are among the top bets for the coming year by speakers at the Reuters Global Investment Outlook 2020 Summit in New York this week.
NEW YORK Climate change will impact assets stretching from U.S. municipal bonds to renewable energy stocks in India, adding another layer of volatility to global financial markets in 2020, according to speakers at the Reuters Global Investment Outlook 2020 Summit in New York this week.
NEW YORK U.S. investors last week pulled $4.1 billion from mutual funds and exchange-traded funds that hold domestic stocks, extending a pullback from the U.S. equities market that has now lasted for five of the last six weeks, according to data released Wednesday by the Investment Company Institute.
NEW YORK In the wake of two years of devastating wildfires in California, Wall Street is incorporating a new risk metric when evaluating companies: climate resiliency.
By David Randall
NEW YORK, Oct 30 Investors continued their
retreat from the U.S. stock market by pulling nearly $4.7
billion from mutual funds and exchange traded funds that hold
domestic stocks last week, according to data released Wednesday
by the Investment Company Institute.
Last week's withdrawals marked the fourth time over the last
five weeks that investors have pulled money from U.S. stock
funds, the longest sustained selling streak since the benchmark
S&P 500 nearly fell into a bear market in December of last year.
Concerns over the impact of the U.S.-Chinese trade war on
the global economy and the possibility that the Federal Reserve
will end its equity-friendly interest rate cutting policy have
weighed on investor sentiment, keeping the S&P 500 trading
within a relatively narrow range. The index notched a record
high Monday on the strength of better-than-expected corporate
earnings yet fell Tuesday. The index was down slightly in early
trading on Wednesday.
For the year to date, investors have withdrawn slightly more
than $115 billion from domestic stock funds.
Fixed income funds, meanwhile, drew in nearly $10.5 billion
in new money as investors sought the perceived safety of bonds.
For the year to date, the category has swelled with slightly
more than $354 billion in new inflows.
World stock funds, meanwhile, lost $967 million, leaving the
category with seven straight weeks of outflows. For the year to
date, investors have pulled nearly $43.1 billion from the
The following is a broad breakdown of the flows for the
week, including mutual funds and exchange-traded funds in
millions of dollars:
10/23/201 10/16/201 10/9/201 10/2/201 9/25/201
9 9 9 9 9
Equity -5,656 754 -11,514 -13,431 -15,772
Domesti -4,689 2,698 -10,868 -11,748 -13,957
World -967 -1,944 -646 -1,682 -1,815
Hybrid -168 -391 -688 -1,147 -1,918
Bond 10,469 10,473 5,810 8,418 6,864
Taxable 8,275 8,786 3,856 6,803 4,587
Municip 2,194 1,687 1,954 1,615 2,278
Commodity 222 -151 425 489 2,356
Total 4,868 10,685 -5,967 -5,670 -8,470
(Reporting by David Randall; Editing by Steve Orlofsky)
NEW YORK, Oct 25 Speculation the Federal Reserve
will continue cutting interest rates well past its policy
meeting next week is pushing some bond fund managers into assets
ranging from short-term Treasury bills to half-paid off 15-year
NEW YORK Speculation the Federal Reserve will continue cutting interest rates well past its policy meeting next week is pushing some bond fund managers into assets ranging from short-term Treasury bills to half-paid off 15-year home mortgages. | Video
NEW YORK Investors tiptoed back into the U.S. stock market by adding nearly $2.7 billion into mutual funds and exchange traded funds last week, ending what had been the largest pullback from domestic equities by fund investors since 2013, according to Investment Company Institute data released on Wednesday.
NEW YORK U.S. companies are responding to the lowest unemployment rate in almost 50 years by increasing their focus on automation in order to maintain healthy margins as labor costs tick higher, a Reuters analysis of corporate earnings transcripts shows.