Edition:
United States

David Randall

Investors rush into U.S. bond funds as trade wars weigh on confidence

Jun 19 2019

By David Randall NEW YORK, June 19 Concerns about a weakening global economy prompted investors to send nearly $11.9 billion into U.S. taxable and municipal bond mutual funds and exchange-traded funds last week, the largest net inflows of any week since February, according to data released on Wednesday by the Investment Company Institute. The approximately $11.9 billion more than doubled the $4.6 billion invested in the category the week before, and signaled that fears of escalating global trade wars and a sluggish U.S. economy remain on investors' minds despite a nearly 17% year to date gain in the benchmark S&P 500 stock index. The U.S. Federal Reserve is now expected to cut interest rates at least two times by the end of the year to help revive the U.S. economy and boost inflation. The rush into bond funds continued a positive streak of inflows over every full week of the year that has brought in a total of nearly $194 billion into the category since the start of January. U.S. stock funds, meanwhile, brought in a net of $6.2 billion last week, the largest inflows since the week that ended April 2. For the year to date, domestic stock funds have lost $42.3 billion in net investor assets. World stock funds lost $1.1 billion, adding to a $8.1 billion decline for the year. The following is a broad breakdown of the flows for the week, including mutual funds and exchange-traded funds: 6/12/20 6/5/201 5/29/20 5/22/20 5/15/20 19 9 19 19 19 Equity 5,063 -9,680 -4,714 3,827 -11,397 Domesti 6,210 -8,191 -4,412 3,722 -9,569 c World -1,147 -1,489 -302 105 -1,828 Hybrid -1,282 -1,017 -1,191 -736 -985 Bond 11,874 4,654 3,026 4,565 1,680 Taxable 10,603 3,224 1,402 2,486 -138 Municip 1,271 1,430 1,624 2,078 1,819 al Commodity 317 681 157 178 -708 Total 15,972 -5,362 -2,721 7,834 -11,409 (Reporting by David Randall Editing by Tom Brown)

U.S. farmers experimenting with hemp as China trade war drags on

Jun 14 2019

HAYSVILLE, Kansas A growing number of U.S. farmers battered by low grain prices and the threat of a prolonged trade war with China are seeking salvation in a plant that until recently was illegal: hemp. | Video

Investors retreat further from U.S. stock funds as trade tensions mount: ICI

Jun 12 2019

NEW YORK Investors extended their retreat from the U.S. stock market by pulling nearly $8.2 billion out of mutual funds and exchange-traded funds that hold domestic equities last week, according to data released on Wednesday by the Investment Company Institute (ICI).

RPT-Wall St Week Ahead-Top U.S. bond managers betting bond market still has room to run

Jun 09 2019

NEW YORK, June 7 U.S. bond fund managers are betting that the steep gains in Treasuries over the last month are here to stay.

Wall St. Week Ahead: Top U.S. bond managers betting bond market still has room to run

Jun 08 2019

NEW YORK U.S. bond fund managers are betting that the steep gains in Treasuries over the last month are here to stay. | Video

Investors retreat from U.S. stock funds as trade war expands

Jun 05 2019

NEW YORK Investors pulled approximately $4.7 billion out of mutual funds and exchange-traded funds that hold U.S. stocks last week as concerns about escalating trade wars weighed on equity markets worldwide, according to data released Wednesday by the Investment Company Institute.

Mounting climate change fears push U.S. investors to assess geographical risks

Jun 04 2019

NEW YORK With an above-average percentage of its power generated from renewable sources and one of the largest battery storage operations in the United States, utility Sempra Energy seemed to check all the boxes for portfolio manager Todd Ahlsten, who manages more than $18 billion for Parnassus Investments based on each company's environmental, social and governance attributes. | Video

RPT-Mounting climate change fears push U.S. investors to assess geographical risks

Jun 04 2019

NEW YORK, June 4 With an above-average percentage of its power generated from renewable sources and one of the largest battery storage operations in the United States, utility Sempra Energy seemed to check all the boxes for portfolio manager Todd Ahlsten, who manages more than $18 billion for Parnassus Investments based on each company's environmental, social and governance attributes.

Global stocks drop on fears of expanding trade war

May 31 2019

NEW YORK Global equities tumbled and safe-haven sovereign bonds surged Friday after U.S. President Donald Trump's unexpected threat of tariffs on Mexican goods added to fears that escalating trade wars will push the U.S. and other major economies into recession. | Video

World News

Trump plays down Iranian shooting of U.S. surveillance drone

U.S. President Donald Trump played down Iran's downing of a U.S. military surveillance drone on Thursday, saying he suspected it was shot by mistake and that "it would have made a big difference" to him if the remotely controlled aircraft had been piloted.