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UPDATE 1-Investors pull $1 bln from stock funds despite hope on energy -Lipper
January 29, 2016 / 12:11 AM / in 2 years

UPDATE 1-Investors pull $1 bln from stock funds despite hope on energy -Lipper

(Recasts; adds data on mutual funds and ETFs, analyst quote,
data table)
    By Trevor Hunnicutt
    NEW YORK, Jan 28 (Reuters) - Investors pulled $1.2 billion
from U.S.-based stock funds in the week ended Jan. 27, Lipper
data showed Thursday, as optimistic bets on energy firms and on
Europe and Japan were overwhelmed by a fourth straight week of
caution on domestic stocks.
    The U.S. Federal Reserve's more cautious outlook this week
on global economic and financial developments revived some
safe-haven bids for U.S. Treasury debt funds and money-market
    Investors pumped $3.8 billion into U.S. Treasury debt funds,
 for a seventh straight week of inflows and pushing bond funds
to their first week of inflows of the year, Lipper data showed.
U.S.-based taxable-bond funds took in $3.3 billion during the
    Relatively low-risk money-market funds took in $13.9 billion
during the week, their largest inflows this year, Lipper said.
    "Some investors have been running for cover," said Lipper
analyst Tom Roseen. "It's cautiousness, period."
    The U.S. central bank held rates unchanged, but nodded to
the economic uncertainty that has roiled markets since the year
    Yet investors took new hope in stimulus by central bankers
abroad. U.S.-based funds that focus on European and Japanese
stocks broke a streak of outflows, attracting a combined $1.1
billion in net new money.
    Some investors were willing to bet the slide in oil prices
is over.
    Funds invested in energy commodities, including oil futures,
took in $407 million, for a third straight week of inflows.
Energy-sector stock funds took in $420 million during the week,
Lipper data showed.
    High-yield junk bond funds, which have become a stage for
investors' anxieties over potential contagion from the oil rout,
attracted $883 million during the week, the first time this year
the funds have taken in net new cash, according to Lipper.
    The Lipper fund flow data is compiled from reports issued by
U.S.-domiciled mutual funds and exchange-traded funds.
    The following is a broad breakdown of the flows for the
week, including exchange-traded funds (in $ billions):
 Sector                    Flow Chg  % Assets  Assets     Count
                           ($Bil)              ($Bil)     
 All Equity Funds          -1.185    -0.03     4,662.286  12,068
 Domestic Equities         -1.131    -0.03     3,278.934  8,590
 Non-Domestic Equities     -0.054    -0.00     1,383.352  3,478
 All Taxable Bond Funds    3.269     0.15      2,140.004  6,166
 All Money Market Funds    13.888    0.58      2,393.462  1,177
 All Municipal Bond Funds  0.595     0.16      364.963    1,50
 (Reporting by Trevor Hunnicutt; Editing by Chris Reese and
Leslie Adler)

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