Tim Watts, CFO at Shield Therapeutics #STX presenting at our Life Sciences Investor Briefing Watch Now

Fund investors continue retreat from U.S. stock market

Wed, 11th Sep 2019 19:39

By David Randall

NEW YORK, Sept 11 (Reuters) - Investors last week pulled nearly $4.4 billion from mutual funds and exchange-traded funds that hold U.S. stocks, continuing a retreat from the domestic equity market that has extended over four of the last five weeks, according to data released Wednesday by the Investment Company Institute.

The pullback from the U.S. stock market came as concerns about the trade war between the United States and China have weighed on investor sentiment, while signs of slowing economic growth across the globe have pushed companies such as Goldman Sachs to increase the probability that the United States falls into recession within the next 12 months.

Overall, investors have pulled a net of nearly $98 billion out of U.S. stock funds since the beginning of the year, with about $35.5 billion - or 36% of the total outflows - coming since the start of August.

The broad retreat from the U.S. market comes despite a rally that has pushed the benchmark S&P 500 up 19.4% for the year to date. The index is up 2.2% since the beginning of September.

Investors continued to send money to bond funds, which took in slightly more than $6.9 billion last week. Those inflows pushed the year to date gain for the category up to $289.7 billion.

World stock funds, meanwhile, were little changed, with a net inflow of $283 million. Investors have pulled $33.2 billion from the category since the start of the year.

The following is a broad breakdown of the flows for the week, including mutual funds and exchange-traded funds:

             9/4/201  8/28/20  8/21/20  8/14/20  8/7/2019
                   9       19       19       19
 Equity       -4,104   -9,506  -14,007    2,437   -22,583

Domesti -4,387 -5,324 -9,384 3,109 -19,568

c

    World        283   -4,182   -4,623     -672    -3,015

Hybrid -1,138 -1,412 -744 -2,739 -1,562 Bond 6,927 7,952 3,949 10,038 -2,611 Taxable 5,709 5,993 1,874 8,150 -5,484

Municip 1,218 1,959 2,074 1,888 2,872

al

Commodity 914 1,745 618 307 1,179 Total 2,598 -1,220 -10,184 10,043 -25,579 (Reporting by David Randall; Editing by Steve Orlofsky)

More News

Stealth bomber for Area 51 crowd? US military unit apologizes for tweet

By Alex Dobuzinskis Sept 21 (Reuters) - A U.S. military unit apologized on Saturday and deleted a tweet that used the specter of a stealth bomber being deployed against any young people who

Today 00:34

U.S. Democratic presidential hopefuls vie to wow voters at Iowa steak fry

By Amanda Becker DES MOINES, Iowa, Sept 21 (Reuters) - Democrats vying for the nomination to take on Republican U.S. President Donald Trump tried to make a splash on Saturday as they a in a

Today 00:04

UK Conservatives hold significant lead over Labour- poll

LONDON, Sept 21 (Reuters) - British Prime Minister Boris Johnson's Conservative party has a 15 percentage-point lead over the opposition Labour Party, according to a poll published ahead of a

21 Sep 19 21:05

UPDATE 1-SoftBank mulls bringing 40 companies to Brazil -exec

By Aluisio Alves SAO PAULO, Sept 20 (Reuters) - Japan's SoftBank Group Corp is considering bringing around 40 companies with high growth potential to Brazil and expects to announce a in

21 Sep 19 20:54

Login to your account

Don't have an account? Click here to register.