Edition:
India

Jennifer Ablan

Active U.S. equity funds lose $12.9 billion to outflows in May: Morningstar

18 Jun 2019

Passive U.S. equity funds recorded $2.7 billion in outflows while active U.S. equity funds lost $12.9 billion to outflows in May, Morningstar reported on Tuesday, underscoring a long-term shift away from active equity managers.

U.S. recession odds rise to 40-45% in six months - DoubleLine's Gundlach

14 Jun 2019

Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Thursday the odds of the United States sliding into a recession in the next six months have risen to 40-45% and the odds were 65% within the next year.

Risk appetite emerges as U.S.-based equity funds attract $4.4 billion

14 Jun 2019

U.S.-based equity funds attracted $4.4 billion of inflows in the week ended Wednesday, following two consecutive weeks of cash outflows totaling $34 billion, according to Refinitiv's Lipper, as the United States and Mexico struck a deal to avert tariffs.

UPDATE 1-Risk appetite emerges as U.S.-based equity funds attract $4.4 bln

14 Jun 2019

(Adds quotes from head of research services at Lipper, table; byline) By Jennifer Ablan June 13 U.S.-based equity funds attracted $4.4 billion of inflows in the week ended Wednesday, following two consecutive weeks of cash outflows totaling $34 billion, according to Refinitiv's Lipper, as the United States and Mexico struck a deal to avert tariffs. U.S.-based high-yield junk bond funds - which move in sympathy with equity flows - attracted more than $1.7 billion of inflows in the week ended Wednesday, also following two straight weeks of cash withdrawals, Lipper said. Tom Roseen, head of research services at Lipper, said it was "definitely a risk-on week" with net new money into corporate investment-grade bond funds of more than $4 billion. "Interestingly, though, we saw retail investors being net redeemers of equity funds at negative $4.9 billion, while authorized participants were net purchasers of equity ETFs at plus $9.4 billion. So once again it was a tale of two cities," Roseen said. Mom-and-pop investors "appear to be content sitting on the sidelines until the trade deals are completed, parking cash into the money market funds of more than $12.9 billion," he said. Mom-and-pop investors are also putting money into select bond fund classifications: corporate investment-grade debt funds of plus-$1.2 billion and municipal bond funds of plus-$887 million, their 23rd consecutive week of net inflows. The following is a broad breakdown of the flows for the week, including mutual funds and exchange-traded funds: Sector Flow Change Pct of Assets Count ($ blns) Assets ($ blns) All Equity Funds 4.434 0.06 7,145.669 11,820 Domestic Equities 7.233 0.14 5,095.172 8,414 Non-Domestic -2.799 -0.14 2,050.497 3,406 Equities All Taxable Bond 7.193 0.25 2,914.588 5,840 Funds All Money Market 12.914 0.43 3,043.818 1,011 Funds All Municipal Bond 0.778 0.17 469.979 1,350 Funds (Reporting by Jennifer Ablan; editing by Phil Berlowitz and Leslie Adler)

Fed will make 'insurance' rate cut as early as next week: Vanguard

13 Jun 2019

Vanguard now sees the chance of a U.S. recession in the next 12-18 months at 40%, up from 30%, and believes the Federal Reserve will implement an "insurance" interest rate cut as early as next week, the firm’s global chief economist Joe Davis said.

Jeffrey Gundlach's DoubleLine to launch Income Fund: SEC filings

13 Jun 2019

DoubleLine Capital, run by widely followed investor Jeffrey Gundlach, is planning to launch a new fund that will invest in mortgage-backed securities, other asset-backed securities and collateralized loan obligations, according to Securities and Exchange Commission filings on Wednesday.

UPDATE 1-Jeffrey Gundlach's DoubleLine to launch Income Fund -SEC filings

13 Jun 2019

June 12 DoubleLine Capital, run by widely followed investor Jeffrey Gundlach, is planning to launch a new fund that will invest in mortgage-backed securities, other asset-backed securities and collateralized loan obligations, according to Securities and Exchange Commission filings on Wednesday.

High-yield junk market still attractive: top bond manager Margaret Patel

11 Jun 2019

NEW YORK The gains in high-yield junk bonds are not over, thanks to the Federal Reserve's supportive stance on monetary policy, Margaret Patel, one of the mutual-fund industry's longest tenured and most well-known bond managers, said on Tuesday.

High-yield junk market still attractive -top bond manager Margaret Patel

11 Jun 2019

NEW YORK, June 11 The gains in high-yield junk bonds are not over, thanks to the Federal Reserve's supportive stance on monetary policy, Margaret Patel, one of the mutual-fund industry's longest tenured and most well-known bond managers, said on Tuesday.

Investors piled into U.S. Treasuries, money-market funds amid trade tensions: Lipper

07 Jun 2019

Investors' aversion to risk-taking intensified in the latest week, stemming from trade tensions between the United States and China as well as Mexico, with U.S.-based domestic equities funds posting $10 billion of cash withdrawals, according to Refinitiv's Lipper research service on Thursday.

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