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☆ 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

☆ An ETF focused on the 'moats' strategy of Warren Buffett is beating the market once again
▼ + stars: | 2023-06-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

An exchange traded fund built on an investing strategy popularized by Warren Buffett is proving its worth once again in 2023. The VanEck Morningstar Wide Moat ETF (MOAT) has a total return of more than 23% year to date, according to FactSet, handily beating the S & P 500 and enhancing an already stellar long-term track record. MOAT 5Y mountain The VanEck Morningstar Wide Moat ETF has been a long-term outperformer. The Vanguard Value ETF (VTV) and iShares Core S & P 500 ETF (IVV) were the top two funds of the week, each bringing in more than $2 billion. Several large short-term bond funds saw outflows this week, including Vanguard Short-Term Bond ETF (BSV) .

Persons: Warren Buffett, FactSet, Brandon Rakszawski, Rakszawski, It's Organizations: Morningstar, Adobe, Bond, Federal Locations: VanEck, outflows

But coupled with the anticipated path of inflation, those projections actually indicate monetary policy will grow more restrictive through 2024 on a "real" or inflation-adjusted basis. It's a nuance undergirding why the Fed sees inflation continuing to fall through next year and unemployment rise despite expected lower interest rates. And in fact, that seems to be what many on the Fed intend: A real policy rate of interest that gradually tightens next year even as the "nominal" rate printed in its policy statement declines. Reuters Graphics Reuters GraphicsREAL VS NOMINALUnder the median projections provided this week, monetary policy actually grows slightly more restrictive next year. By the end of 2024 that spread actually widens to 2%, as the interest rate declines but the rate of inflation falls more sharply.

Persons: Jerome Powell nodded, We're, Howard Schneider, Dan Burns, Andrea Ricci Organizations: . Federal, U.S, Reuters Graphics Reuters, Silicon Valley Bank, Thomson Locations: Silicon

☆ These ETFs could be winners if the Federal Reserve skips a rate hike
▼ + stars: | 2023-06-14 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

But for investors worried that more Fed rate hikes in the coming months could tip the economy into recession, fixed income might be a more attractive bet. "Municipal bond issuers appear well poised to weather a possible recession in 2023/24. Bank of America has the equivalent of a buy rating on several municipal bond ETFs, including JPMorgan Ultra-Short Municipal Income ETF (JMST) and the iShares National Muni Bond ETF (MUB) . Some large funds that could fit that description include the iShares 3-7 Year Treasury Bond ETF (IEI) , the Schwab Intermediate-Term US Treasury ETF (SCHR) and the Vanguard Intermediate-Term Corporate Bond ETF (VCIT). The actively managed Flexible Income ETF (BINC) launched in May and has about $76 million in assets so far, according to FactSet.

Persons: Michelle Cluver, Andrew Slimmon, Slimmon, Russell, Jared Woodard, Woodard, Cluver, Rick Rieder Organizations: Federal, Global, Morgan Stanley Investment Management, RSP, Nasdaq, Bank of America, JPMorgan Ultra, Muni Bond ETF, Treasury Bond ETF, Treasury, BlackRock

☆ 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

☆ From your 401(k) to bonds, here’s how to protect your financial well-being as debt default worries grow
▼ + stars: | 2023-05-27 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +7 min

New York CNN —The White House and House GOP negotiators are rushing to finalize a deal to raise the country’s debt limit. With that X-date only about one week away, there’s still no deal to raise the debt ceiling – putting Americans’ finances in danger. If you invest in bonds, pay attention to when your Treasury bills are maturing. Stick with high-quality investmentsSteer clear of corporate junk bonds or emerging market bonds, CNN has previously reported. Federal government contractors could also see a lag in payments, which could affect their ability to compensate their workers, CNN previously reported.

☆ Global equity funds post outflows for fifth week in a row
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

May 19 (Reuters) - Global equity funds suffered outflows for a fifth straight week in the week to May 17, undermined by uncertainties over U.S. debt ceiling and concerns about global economy, with soft economic data coming out of the U.S. and China. According to Refinitiv Lipper data, global equity funds faced $8.72 billion worth of outflows in the week to May 17, compared with about $4.77 billion worth of net selling in the previous week. Reuters Graphics Reuters GraphicsThe U.S. and European equity funds recorded withdrawals of $7.64 billion and $1.81 billion respectively during the week, but Asian funds received $180 million worth of inflows. Healthcare, financial and energy sector equity funds faced net outflows of $698 million, $677 million, and $410 million, respectively, but tech secured a net $906 million worth of inflows. Data for 23,976 emerging market funds showed equity funds obtained a net $684 million in a third weekly inflow in a row, while bond funds drew $43 million worth of net purchases after three weeks of outflows.

☆ How to protect your investments in the debt ceiling standoff
▼ + stars: | 2023-05-17 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

But even if that’s the case, between now and then bond investors should expect volatility. Bond investors are all about pricing in the risk that they may not be paid back on debt they buy — either on time or at all. But the lack of a deal to raise lawmakers’ self-imposed debt ceiling so close to the X-date is introducing unwanted risk into each investor’s calculus. “We’ve already seen some pricing stress around short-term bills, Treasury bills, and a little bit of change in the… sovereign credit default swap spreads,” said Gary Gensler, chair of the Securities and Exchange Commission, at an event on Monday. Right now, yields on one-month T bills are well above the yields for 10-year and 30-year Treasury bonds.

☆ 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.

☆ The manager of an award-winning credit fund that's tripled its benchmark since 2014 told us how he's staying ahead of a recession and credit crunch
▼ + stars: | 2023-05-13 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

The River Canyon Total Return Bond Fund has out-returned 99% of similar credit funds for five years. When Sam Reid says his River Canyon Total Return Bond Fund "has no competition," it sounds like a boast. But what he's actually saying is he's able to invest in a much wider range of assets than managers of other credit funds. He added that his fund "sits in between the hedge fund world and the vanilla mutual fund world." Reid also said he's been working to reduce the duration in his portfolios ahead of a recession.

☆ 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.

☆ 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.

☆ The Fed May Be Done Raising Rates. Here’s What It Means for CDs and Savings Accounts
▼ + stars: | 2023-05-03 | by ( ) www.wsj.com time to read: +5 min

So, if you don’t need immediate access to your savings, it may make sense to lock in current interest rates with a CD. And while the pace of price increases remains well above the Fed’s preferred level of 2%, the central bank fears that raising interest rates any more could tip the fragile economy into recession. The likely explanation is that banks expect interest rates to decrease and don’t want to be locked into paying higher rates for extended periods of time. It’s true that if CD rates are, say, 3% a couple of years from now, then a 4.5% yield will look very good. And because falling interest rates tend to drive up bond prices, that’s what they’d likely do.

In its continued battle with inflation, the central bank on Wednesday announced another quarter percentage point interest rate increase. The latest rate increase comes after annual inflation eased to 5% in March, down from 6% in February, according to the U.S. Bureau of Labor Statistics. When building a bond portfolio, advisors consider so-called duration, which measures a bond's sensitivity to interest rate changes. I don't see us moving much higher from an interest rate perspective, so that should be good for bonds moving forward. But it may take another six months to see the results from the Fed's series of interest rate hikes, he said.

Instead, fixed income, which was unpopular when rates were low, is back in favor and seeing strong capital flows into products like bond funds, said fund managers at the Milken Institute Global Conference this week. Attendees also discussed whether federal regulators should raise FDIC deposit insurance after First Republic Bank was seized and sold to JPMorgan, and how markets will react to even higher interest rates and potentially more market volatility. Others warned that companies will soon have to refinance their debt at higher rates, making them less attractive. Instead, thanks to higher interest rates, fixed income is once again playing a bigger role in portfolios. "The Fed has helped us put the income back in fixed income," said Anne Walsh, Chief Investment Officer for Guggenheim Partners Investment Management.

☆ Bond investors fearing recession, boost safety bets ahead of FOMC
▼ + stars: | 2023-05-01 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

Going long duration reflects expectations U.S. yields will fall because the Fed will be forced to cut rates. During the Fed's aggressive rate-hike phase last year, investors shortened their duration exposure. In terms of price action, U.S. 5-year yields dropped 67 bps since March, suggesting increased demand from investors. U.S. Treasuries rallied in March, pushing yields lower, as the market sought safety during the banking crisis. U.S. two-year yields, which reflect rate expectations, fell nearly 60 bps in March, the largest monthly fall since December 2007.

☆ 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.

☆ BlackRock bond chief Rick Rieder manages $2.7 trillion and just took home a Morningstar award for best portfolio manager. He told us how he's investing as the economy fades.
▼ + stars: | 2023-04-28 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

As head of BlackRock's fixed income unit, Rick Rieder is responsible for $2.7 trillion. He told Insider he expects the recent banking crisis to slow the US economy by about 0.5% this year. Rick Rieder of BlackRock has long been one of the biggest names in the bond market, and now he's bringing home some hardware to back up his credentials. Rieder's flagship BlackRock Total Return Fund is still ahead of its competition this year, delivering a 4.4% return in a difficult bond market. Rieder said the US economy is still healthy, but he expects that strength to fade — and is adjusting his portfolios accordingly.

☆ Mike Dever has a 40-year track record of outperforming various markets by rejecting conventional wisdom. He told us 4 ways investors can mimic his approach today.
▼ + stars: | 2023-04-26 | by ( Marley Jay | ) www.businessinsider.com time to read: +5 min

Mike Dever is the founder and CEO of Brandywine Asset Management and author of "Jackass Investing." Over the course of four decades in investing, Michael Dever has learned that the bedrock of most people's beliefs about the stock market are faulty. Investing in stocks and bonds is adequate portfolio diversification? Dever says investors cost themselves a lot of money every year by falling for phony conventional wisdom, and that there's a better way to invest. Investors also accept limits on how much profit they'll make, but an investor who's concerned about a market downturn might see that as a worthwhile trade.

☆ Investors cut cash holdings as market focus shifts to inflation
▼ + stars: | 2023-04-21 | by ( Lucy Raitano | ) www.reuters.com time to read: +1 min

Market focus has shifted to inflation and the outlook for monetary tightening in recent weeks as fears around banking stocks receded and a market measure of volatility (.VIX) fell to its lowest level since November 2021. Cash funds saw outflows of $65.3 billion, BofA said, citing EPFR data. Bond funds recorded inflows of $4.6 billion, while investors sold $2.6 billion of global stocks and pulled $70 million out of gold funds. Last week data showed U.S. consumer prices rising in March, while data this week showed signs of the labor market cooling. "Core inflation in big economies remains stubbornly high," the BofA analysts said, adding that inflation is being aided by structurally low unemployment rates.

☆ 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 cut cash holdings for first time in eight weeks-BofA
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: 1 min

LONDON, April 21 (Reuters) - Investors cut their cash holdings for the first time in eight weeks, while shedding equities and gold in the week to Wednesday, according to a report from BofA Global Research on Friday. Cash funds saw outflows of $65.3 billion, BofA said, citing EPFR data. Bond funds, meanwhile, recorded inflows of $4.6 billion, while investors sold $2.6 billion of global stocks and pulled $70 million out of gold funds. Emerging market debt funds saw their first weekly inflow in 10 weeks of $600 million. Investors put $2.3 billion into emerging markets equities, the biggest inflow in four weeks.

☆ 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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