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Other investors are simply moving to markets with better growth prospects, such as Brazil. The scale of change needed in global supply chains could drive such capital flows for the next decade, he said. The iShares MSCI Emerging Markets ex-China ETF , the world's largest emerging market ex-China ETF whose biggest holdings are firms in Taiwan, South Korea and India, attracted a record $1 billion net inflow in the first half of 2023, the data showed. "China is the one major country that investors are most concerned about in EM," said John Lau, portfolio manager for Asia Pacific and emerging market equities at SEI. “U.S., Canadian, and some European investors are exiting China due to political pressure.

Persons: Aly, Malcolm Dorson, John Lau, Goldman Sachs, Jeffrey Jaensubhakij, ”, Benjamin Low, Donald Trump, Joe Biden's, Biden, Wong Kok Hoi, Summer Zhen, Vidya Ranganathan Organizations: REUTERS, Global, China ETF, China, Asia Pacific, SEI, Stock Connect, Morningstar, China Opportunity Equity Fund, Fund, Boston, Cambridge Associates, CSI, Nikkei, Investors, Reuters Graphics, APS Asset Management, Thomson Locations: Shanghai, China, HONG KONG, U.S, Mexico, India, Vietnam, Brazil, New York, Taiwan, South Korea, Asia, Singapore, Indonesia, Japan, Hong Kong, Canada, “ U.S

☆ Global equity funds see first weekly outflow in four weeks
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

July 21 (Reuters) - Global equity funds witnessed their first weekly outflow in four weeks in the week to July 19, reflecting concerns over slower growth in China and caution ahead of the Federal Reserve's policy meeting next week. According to Refinitiv Lipper data, global equity funds observed a net $2.67 billion worth of net selling in the week ended July 19, booking their first weekly outflow since June 21. Investors withdrew $3.04 billion from U.S. equity funds while purchasing Asian and European equity funds to the tune of $609 million and $336 million, respectively. Government and corporate bond funds attracted $627 million and $724 million worth of inflows, respectively. Meanwhile, data for 24,134 emerging market funds showed equity funds received $1.1 billion, the biggest weekly inflow since May 3, while bond funds obtained about $568 million, marking a third straight weekly inflow.

Persons: Gaurav Dogra, Patturaja, David Holmes Organizations: Global, Reuters Graphics Reuters, U.S . Commerce Department, Investors, Government, Thomson Locations: China, Bengaluru

July 14 (Reuters) - Emerging market equity funds are outpacing developed market rivals in attracting inflows for the first time in three years, underscoring a relatively more favourable growth outlook and expectations of faster rate cuts in many less developed markets. Refinitiv Lipper data shows money inflows into emerging market (EM) equity funds hit $30.55 billion in the first half of the year, compared with outflows of $88.65 billion from developed market equity funds. Data from the Institute of International Finance on Thursday also showed foreigners injected a staggering $22 billion net into emerging market portfolios in June, marking the highest influx since January. read moreThe case for emerging markets, analysts say, is they were ahead of developed markets in tightening monetary policy and are now beginning to reap the rewards of falling inflation, lower borrowing costs and improved growth. An over-leveraged real estate sector impedes growth," said Derek Izuel, chief investment officer and portfolio manager of the Shelton Emerging Markets Fund.

Persons: World's, Malcolm Dorson, Li Qiang, Derek Izuel, Patturaja, Vidya Ranganathan, Conor Humphries Organizations: Institute of International Finance, U.S . Fed, European Central Bank, Reuters Graphics, Reuters, Global, Shelton, Markets Fund, Thomson Locations: Hungary's, Europe, U.S, China

Reuters GraphicsAnalysts said the data underlined that once-booming ESG funds were no longer immune from wider market dynamics. BELOW PEAKNet assets across ESG funds fell in the second quarter and to below recent peaks, according to Refinitiv. Morningstar's global director of sustainability research, Hortense Bioy, said their preliminary data suggested demand for more stringent ESG funds appeared resilient. However, she said that managers' desire to meet European Union regulations had encouraged some firms to reclassify their ESG funds as traditional products, impacting investor flows. The anti-ESG backlash had also hit U.S. firms' appetite for marketing sustainable funds, "which has had an impact on sales," Bioy said on the sidelines of a conference this week.

Persons: outpacing, Edward Glyn, ESG, Hortense Bioy, Bioy, Tommy Reggiori Wilkes, Patturaja, David Holmes Organizations: Equity, Reuters, Reuters Graphics Analysts, outflows, ESG, Reuters Graphics, Thomson Locations: Europe, United States, Calastone

☆ Apple makes history as first $3 trillion company amid tech stock surge
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +2 min

The iPhone maker's advance was among the most eye catching in a month marked by investor interest in the potential of artificial intelligence, with share buyers also particularly favouring companies with strong balance sheets and cash flows. In a similar vein, electric car maker Tesla Inc (TSLA.O) witnessed a 28% jump in its market capitalization in June. The company's shares have soared following a revenue forecast that was more than 50% above the Wall Street estimate in May. Apple and Microsoft Corp (MSFT.O) led the list of top 20 global companies by market capitalization at the end of June. By contrast, Alphabet Inc's (GOOGL.O) market cap dropped 2.3% last month to $1.53 trillion, on rising competitive pressures from Microsoft's Bing which has grown in prominence after the integration of the artificial intelligence behind ChatGPT.

Persons: Bing, Patturaja Murugaboopathy, Gaurav Dogra, David Holmes Organizations: Apple Inc, Federal Reserve, Tesla Inc, Reuters Graphics, Ford Motor, General Motors Co, Nvidia Corp, Apple, Microsoft Corp, Reuters, Thomson Locations: Bengaluru

☆ Cautious optimism drives inflows to U.S. equity funds amid positive growth outlook
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +2 min

June 30 (Reuters) - U.S. equity funds attracted inflows during the week ending June 28, buoyed by positive growth expectations as robust economic indicators eased concerns about higher borrowing costs. Investors purchased U.S. equity funds of a net $2.1 billion after disposing of about $16.5 billion worth of funds in the previous week, data from Refinitiv Lipper showed. Consequently, U.S. growth funds witnessed inflows of $1.1 billion, rebounding from the $3.1 billion outflows reported the previous week. Reuters Graphics Reuters GraphicsBreaking down the data by size, U.S. large-cap, multi-cap, and small-cap equity funds experienced net inflows of $6.1 billion, $1 billion, and $121 million, respectively. Specifically, U.S. taxable bond funds saw outflows of $2.19 billion, while municipal bond funds recorded net selling of $289 million.

Persons: Lipper, Gaurav Dogra, Chizu Organizations: Investors, Reuters Graphics Reuters, Investor, Thomson Locations: U.S, Patturaja, Bengaluru

☆ U.S. equity funds see biggest outflow in 12 weeks
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +2 min

June 23 (Reuters) - U.S. equity funds recorded their biggest outflows in 12 weeks for seven days ended June 21 as the Federal Reserve's hawkish stance sparked worries of more rate hikes this year. Investors offloaded U.S. equity funds worth a net $16.47 billion in their biggest weekly net selling since March 29. They had bought into funds worth $19.7 billion just a week ago. U.S. equity funds of all sizes recorded outflows, with large caps losing $7.54 billion, small caps shedding $2.63 billion, multi caps giving up $1.04 billion and mid caps dropping $138 million. Reuters Graphics Reuters GraphicsU.S. money market funds also recorded $21.14 billion worth of outflows, in a second consecutive week of net selling.

Persons: Jerome Powell, financials, Gaurav Dogra, Anil D'Silva Organizations: Federal, Investors, Reuters Graphics Reuters, Reuters Graphics Reuters Graphics U.S, Thomson Locations: U.S, Patturaja, Bengaluru

☆ Global equity funds see over $15 bln in outflows on rate hike worries
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +2 min

Investors withdrew a net $15.12 billion from global equity funds which had seen net inflows of $16.04 billion a week earlier. The U.S. and European equity funds witnessed outflows of $16.47 billion and $1.81 billion, respectively, while investors pumped about $2.6 billion into Asian funds. Reuters Graphics Reuters GraphicsMeanwhile, investors withdrew a net $15.13 billion from money market funds, their second straight week of outflows. Among commodity funds, investors withdrew $498 million from precious metal funds, their fourth successive week of net selling. They also purchased $812 million of equity funds.

Persons: Jerome Powell, Financials, Gaurav Dogra, Patturaja, Vinay Dwivedi Organizations: Global, European Central Bank, Federal Reserve, Investors, Reuters Graphics Reuters, . House Financial, Bank of England, Healthcare, Energy, Thomson Locations: U.S, outflows, Bengaluru

☆ U.S. equity funds register biggest weekly inflow in 28 months
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +2 min

According to Refinitiv Lipper data, U.S. equity funds drew a net $18.85 billion worth of inflows in their biggest weekly net buying since mid-February 2021. Reuters Graphics Reuters GraphicsU.S. large-, small-, and multi-cap equity funds attracted $7.76 billion, $3.33 billion and $1.93 billion worth of capital, respectively but investors exited mid-cap funds of about $1.36 billion. Investors also racked up financials, consumer discretionary and industrial sector finds of $581 million, $517 million and $460 million, respectively. U.S. government, and short/intermediate investment-grade funds received about $1.22 billion each in inflows, while general domestic taxable fixed income funds saw $1.1 billion worth of net buying. Meanwhile, investors exited $374 million worth of inflation-protected bond funds in a ninth straight week of net selling.

Persons: Gaurav Dogra, Patturaja, Toby Chopra Organizations: Reuters Graphics Reuters Graphics, Investors, Reuters Graphics Reuters, Thomson Locations: Bengaluru

☆ South Korea, Taiwan stocks bag huge foreign inflow in May on chip demand
▼ + stars: | 2023-06-07 | by ( Gaurav Dogra | ) www.reuters.com time to read: +2 min

June 7 (Reuters) - South Korea and Taiwanese equities experienced a huge influx of foreign investment during May, driven by a surge of interest in artificial intelligence (AI) and the subsequent demand for shares of hardware exporters in the region. Data from stock exchanges in South Korea, Taiwan, India, Indonesia, the Philippines, Thailand and Vietnam showed foreigners purchased a net $11.74 billion worth of regional equities in May - the biggest amount since November 2022. Specifically, Taiwanese equities attracted a massive inflow of $4.4 billion, followed by South Korean equities with $3.1 billion. Meanwhile, foreigners secured a net $5.3 billion worth of Indian stocks, their biggest monthly purchase since August 2022, boosted by its strong economic growth in the March quarter. On the other hand, Thai, Vietnamese and Philippine equities faced outflows of $995 million, $134 million and $81 million, respectively, last month.

Persons: Yeap Jung Rong, Manishi Raychaudhuri, Gaurav Dogra, Patturaja, Simon Cameron, Moore Organizations: South, Reuters Graphics Reuters, BNP, Federal Reserve, Thomson Locations: South Korea, Taiwan, India, Indonesia, Philippines, Thailand, Vietnam, chipmaker, Asia, Pacific, Philippine, Bengaluru

☆ US equity funds draw first weekly inflow in 10 weeks
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +1 min

June 5 (Reuters) - U.S. equity funds received their first weekly inflow in ten weeks in the week to May 31 on optimism that lawmakers would agree to raise the nation's debt limit to avert a default. According to Refinitiv Lipper data, U.S. equity funds received a net $1.22 billion in their first weekly inflow since March 22. Reuters Graphics Reuters GraphicsU.S. growth funds obtained $2.24 billion worth of inflows after nine weekly outflows in a row, but value funds had $1.34 billion worth of net selling. On the other hand, U.S. bond funds received $1.79 billion in a fifth successive week of net purchases. U.S. government, and short/intermediate investment-grade funds received $1.99 billion and $2.33 billion, respectively in inflows, while high yield, and inflation protected funds had outflows of $1.26 billion and $581 million, respectively.

Persons: Gaurav Dogra, Patturaja Organizations: Reuters Graphics Reuters Graphics, Reuters Graphics Reuters, Thomson Locations: U.S, Bengaluru

☆ Global equity funds suffer seventh straight week of outflows
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +2 min

June 5 (Reuters) - Global equity funds saw a seventh straight week of outflows in the seven days to May 31 on global economic slowdown concerns after weaker readings from China and major European countries. Investors disposed of a net $4.55 billion of global equity funds during the week, Refinitiv Lipper data showed, compared with a weekly withdrawal of about $3.54 billion a week ago. European equity funds saw $3.4 billion worth of net selling, while Asian funds had withdrawals of $820 million with China losing a net $425 million in a third straight week of outflows. During the week, combined inflows into global bond funds were a net $4.04 billion in an eleventh straight week of net purchases. Data for 23,954 emerging market funds showed investors sold a net $454 million worth of equity funds, while withdrawing $355 million from bond funds in a sixth successive week of net selling.

Persons: Gaurav Dogra, Patturaja, Alexander Smith Organizations: Global, Reuters Graphics Reuters, China, Technology, Thomson Locations: China, Germany, Bengaluru

☆ Nvidia runaway winner in market cap addition in May
▼ + stars: | 2023-06-01 | by ( ) www.reuters.com time to read: +1 min

June 1 (Reuters) - Nvidia Corp's market capitalisation jumped the most in May among the top 20 global companies by market value, adding $248 billion, with a majority of the gains coming in the last four sessions, according to Refinitiv data. Reuters GraphicsTaiwan Semiconductor Manufacturing Co Ltd (2330.TW), a key manufacturer of Nvidia's chips, also saw a big jump in its market cap last month. Saudi Arabian Oil (2222.SE) and Exxon Mobil Corp (XOM.N) were the biggest losers in terms of market cap, hit by a decline in oil prices last month. Reuters GraphicsApple and Microsoft led the list with the highest market capitalisation in the world. Reporting By Patturaja Murugaboopathy and Gaurav Dogra in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: chipmaker, Patturaja Murugaboopathy, Gaurav Dogra, Sriraj Organizations: Nvidia, Reuters Graphics Taiwan Semiconductor Manufacturing Co, Oil, Exxon Mobil Corp, Reuters Graphics Apple, Microsoft, Thomson Locations: Saudi, Bengaluru

Refinitiv data shows foreigners sold $1.71 billion worth of mainland shares this month via Stock Connect, a key cross-border link between the mainland and Hong Kong exchanges, after selling $659 million in April. Despite outflows in February, April and May, foreigners' net purchases of mainland shares still stood at $25.05 billion for the first five months of this year, compared with net buying of about $6.36 billion worth over the whole of 2022. "Foreigners seem to have been selling because of the underwhelming near-term economic data points and, perhaps, because of the opportunities available to investors with a broader (pan-Asia or global) mandate," Pershad said. "We presume other investors have re-allocated some capital from China to those markets (and others) this year." Reporting By Patturaja Murugaboopathy and Gaurav Dogra in Bengaluru; Editing by Vidya Ranganathan & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Pruksa Iamthongthong, Refinitiv, Alexander Davey, Vikas Pershad, Pershad, Patturaja Murugaboopathy, Gaurav Dogra, Vidya Ranganathan, Simon Cameron, Moore Organizations: Stock Connect, Reuters, National Bureau of Statistics, P Global, PMI, Morningstar, Allianz All China Equity WT, HK, HSBC Asset Management, U.S . Federal Reserve, G Investments, Thomson Locations: Hong Kong, China, Morningstar ,, Taiwan, Shanghai, Asia, Bengaluru

☆ 'Big money never buys cheap': Why investors are waiting on Japan
▼ + stars: | 2023-05-18 | by ( Summer Zhen | ) www.reuters.com time to read: +5 min

Yet for many, the lofty milestones are a reminder that Japan's stocks have gone sideways for years, making many foreign asset allocators reluctant to venture into the market. "A very significant inflow from global investors (followed)," Powell said, "but then unfortunately, a lot of the enthusiasm has dissipated." Swiss wealth manager Union Bancaire Privée is also underweight Japan, with the policy outlook presenting currency risks. BIG MONEY WAITINGThe policy and communication challenge for new BOJ governor Kazuo Ueda is a tricky one. "Big money never buys cheap, it buys momentum."

☆ Analysis: 'Big money never buys cheap': Why investors are waiting on Japan
▼ + stars: | 2023-05-18 | by ( Summer Zhen | ) www.reuters.com time to read: +5 min

☆ Global equity funds see 4th week of outflows on slowdown worries
▼ + stars: | 2023-05-15 | by ( Patturaja Murugaboopathy | ) www.reuters.com time to read: +2 min

May 12 (Reuters) - Global equity funds witnessed a fourth successive weekly outflow in the week ended May 10, hit by deadlock over the U.S. debt ceiling and lingering worries over an economic slowdown. According to Refinitiv Lipper, global equity funds saw $4.9 billion worth of outflows, which was the fourth consecutive outflow. U.S. equity funds had outflows worth $5.7 billion, and Asia and European funds had modest inflows of $1.1 billion and $0.59 billion, respectively. Reuters GraphicsGovernment bond funds obtained $3.01 billion, while high-yield bond funds and inflation-linked bond funds had outflows worth $1.5 billion and $125.3 million, respectively. Data for 23,973 emerging market funds showed investors received a net $838 million worth of equity funds but exited a net $622 million worth of bond funds.

☆ Chinese company earnings reveal lopsided economic recovery
▼ + stars: | 2023-05-10 | by ( Summer Zhen | ) www.reuters.com time to read: +4 min

Restaurants and tourism businesses recovered, with travel-related consumer services sector earnings surging 155%, data from China International Capital Corp (CICC) showed. Food-and-beverage sector earnings jumped 18% and automobiles were up a smaller 8%. Several analysts believe the first quarter will be the low point for 2023 and full-year earnings will reach double digits. Refinitiv data forecasts full-year earnings growth of 26% for companies listed on the Shanghai Stock Exchange. The materials sector posted the worst results, with earnings in steel and building materials tumbling more than 60%, respectively.

☆ US equity funds record biggest weekly outflow in five weeks
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +1 min

Investors exited a net $15.61 billion worth of U.S. equity funds during the reported period, their biggest weekly net selling since March 29, Refinitiv Lipper data showed. Reuters Graphics Reuters GraphicsU.S. large-cap funds lost $7.27 billion in net selling, the most since March 29, while small- and mid-cap funds saw outflows of $1.84 billion and $1.29 billion, respectively. U.S. general domestic taxable fixed income funds witnessed outflows of $1.49 billion. U.S. high yield funds lost $1.77 billion in their first weekly net selling in five weeks. Meanwhile, U.S. short/intermediate investment-grade funds obtained a net $1.92 billion in their biggest weekly inflow in 10 weeks.

☆ Global equity funds see biggest weekly outflow in five weeks
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +2 min

According to Refinitiv Lipper data, global equity funds recorded a net $16.9 billion worth of outflows in the week to May 3, marking the biggest weekly outflow since March. The U.S. and European equity funds booked $15.6 billion and $600 million worth of outflows during the week, while Asian funds drew a small inflow of $160 million. Global bond funds also secured $3.95 billion of inflows in a second week of net buying. Investors purchased government and short- and medium-term bond funds of about $2 billion each but drew $910 million out of high-yield funds. Data for 23,973 emerging market funds showed investors received a net $1.35 billion worth of equity funds in their biggest weekly net buying since March 1 but exited a net $183 million worth of bond funds.

☆ Global issuance of mortgage-backed securities falls to a 23-year low
▼ + stars: | 2023-05-04 | by ( Patturaja Murugaboopathy | ) www.reuters.com time to read: +3 min

May 4 (Reuters) - The issuance of global mortgage-backed securities (MBS) slumped to a 23-year low in the first four months of this year, highlighting the turmoil in the real estate sector as higher mortgage rates hit property sales and refinancing. According to Refinitiv data, global MBS issuance stood at $100 billion in the first four months of this year, the lowest since 2000. Reuters GraphicsThe property sector, often a leading indicator for other economic activity, has seen a slump this year due to a spike in mortgage rates as global central banks increased interest rates to tame inflation. MBS consist of pools of home loans and other real estate debt and typically carry higher yields than U.S. Treasuries. The refinancing of existing mortgages may also be affected, as there may be fewer lenders available to refinance existing loans leading to private lenders and higher rates."

☆ US money market funds see biggest weekly inflow in four weeks
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +1 min

Refinitiv Lipper data showed investors purchased a net $47.72 billion worth of U.S. money market funds in their biggest weekly net buying since March 29. Meanwhile, U.S. equity funds faced a fifth straight week of outflows, with investors exiting a net $3.75 billion worth of funds. Reuters Graphics Reuters GraphicsInvestors also pulled out $1.62 billion from U.S. bond funds in a second straight week of net selling. U.S. general domestic taxable fixed income funds, inflation protected funds and loan participation funds had $2.18 billion, $892 million and $797 million worth of net selling, respectively. Still, government bond finds secured $2.22 billion worth of inflows compared with net selling of $2.14 billion in the previous week.

☆ Rate hike worries drive US bond funds first outflow in three weeks
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

April 21 (Reuters) - U.S. bond funds suffered big outflows in the week to April 19 on expectations that the Federal Reserve would continue to hike interest rates to tackle inflationary pressures. Refinitiv Lipper data showed $3.1 billion worth of net selling from U.S. bond funds after two weeks of inflows. Investors disposed of $3.16 billion of municipal bond funds in their biggest weekly net selling since December 21, 2022, but purchased about $5 million worth of taxable bond funds. Investors sold U.S. mid-, and small-cap funds of $603 million and $390 million, respectively, but purchased large-cap funds of $797 million. However consumer staples and healthcare drew $580 million and $534 million worth of inflows, respectively.

☆ Investors turn net sellers of global equity funds on recession fears
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

Data from Refinitiv Lipper showed investors sold equity funds worth $2.25 billion in the week, compared with a $215 million net purchase the previous week. Rate hike expectations also affected the bond market, as investors turned net sellers of global bond funds for the first time in five weeks. Investors withdrew $1.68 billion from government bond funds in their first weekly net selling in 10 weeks. Meanwhile, investors exited $89.35 billion worth of global money market funds after a seven-week buying spree. Data for 23,920 emerging market funds showed investors purchased $384 million worth of equity funds in a fourth week of net buying while securing $513 million worth of bond funds.

☆ U.S. money market funds draw inflows for fifth straight week
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +2 min

April 14 (Reuters) - U.S. money market funds received inflows for a fifth straight week after recent data pointed to a still-strong labor market, bolstering bets for a rate hike by the Federal Reserve in May. According to Refinitiv Lipper data, U.S. money market funds drew a net $20.51 billion worth of inflows in the week to April 12. Reuters Graphics Reuters GraphicsInvestors are favoring money market funds over bank deposits amid a rally in short-term interest rates, with the real interest rate turning positive by some measures, analysts said. The yield on the 3-month U.S. Treasury bill , in which money market funds invest the most, surged to a near 16-year high of 5.175% on Thursday. Reuters Graphics Reuters GraphicsMeanwhile, U.S. bond funds obtained $1.7 billion worth of inflows when compared with $8.97 billion worth of net buying in the previous week.

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