×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: investors | funds | fed | china

Investors Pump $3.6B Into Funds on Fed, China Hopes

Investors Pump  $3.6B Into Funds on Fed, China Hopes

Thursday, 21 March 2019 05:23 PM EDT

U.S.-based equity funds attracted over $3.6 billion in the week ended on Wednesday, their second straight week of inflows, according to data from Refinitiv's Lipper research service on Thursday, thanks to the Federal Reserve's dovish stance on interest rates and optimism about a U.S-China trade deal.

Investors also piled into U.S.-based taxable bond funds. For a second consecutive week, they poured roughly $6.6 billion into the funds, with the bulk of the assets in higher-quality debt portfolios.

U.S.-based investment-grade corporate bond funds attracted over $5.1 billion in the week, extending their weekly inflow streak since January, according to Lipper data. Investors' appetite for risk-taking came in the wake of the Fed and continued U.S.-China trade talks.

Tom Roseen, head of research services at Lipper, said a pledge from Chinese Premier Li Keqiang to keep in place strong stimulus measures, as well as a commitment to striking a trade deal, pushed the S&P 500 and NASDAQ to the strongest close in five months on Thursday.

"This, along with investors applauding the Federal Open Market Committee’s decision to keep rates unchanged and confirming its cautious approach to future interest rate hikes, were all key factors in keeping weekly flows and returns positive," he said. 

© 2024 Thomson/Reuters. All rights reserved.


InvestingAnalysis
U.S.-based equity funds attracted over $3.6 billion in the week ended on Wednesday, their second straight week of inflows, according to data from Refinitiv's Lipper research service on Thursday, thanks to the Federal Reserve's dovish stance on interest rates and optimism...
investors, funds, fed, china
202
2019-23-21
Thursday, 21 March 2019 05:23 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved