sectoral funds – Charm

U.S. equity funds see large outflows as investors book profit

Cs news10 months ago10 months ago03 mins

(Reuters) – Investors withdrew massive capital out of U.S. equity funds in the week to Sept. 17 as they turned cautious about the market’s lofty valuations following the recent rally through a policy rate cut by the Federal Reserve and rushed to lock in profits. According to LSEG Lipper data, investors pulled out a net…

Global equity funds see a surge in weekly outflows

Cs news10 months ago10 months ago04 mins

(Reuters) – Investors divested equity funds on a large scale in the week to September 17 to lock in profits as an extended record-setting rally in global stocks amid an interest rate cut by the Federal Reserve raised investor caution around the stock market’s lofty valuations. Investors disinvested a net $38.66 billion worth of global…