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United Kingdom

David Randall

Fund managers gird for long trade war after FedEx slide

21 Sep 2019

NEW YORK A profit warning and muted outlook from package delivery company FedEx Corp is prompting some high-profile fund managers to prepare for the trade war between the United States and China to last longer than many had originally anticipated.

Investors move back into U.S. stock funds on hopes for trade resolution

18 Sep 2019

NEW YORK Investors ended a 3-week retreat from Wall Street last week by sending nearly $8.6 billion into mutual funds and exchange-traded funds that hold U.S. stocks, according to data released Wednesday by the Investment Company Institute.

RPT-U.S. value fund managers betting shift to value stocks won't last

17 Sep 2019

NEW YORK, Sept 17 The massive U.S. market rotation into value stocks over the last two weeks is finally giving value fund managers a reason to be hopeful after years of underperformance.

U.S. value fund managers betting shift to value stocks won't last

17 Sep 2019

NEW YORK, Sept 17 The massive U.S. market rotation into value stocks over the last two weeks is finally giving value fund managers a reason to be hopeful after years of underperformance.

Climate change pushes U.S. fund managers to bet on AC makers

12 Sep 2019

NEW YORK Record heatwaves in Europe and Asia this summer are leading fund managers to buy shares of air conditioning manufacturers, betting that the public health risks of rising temperatures will compel businesses and apartment building owners to install cooling systems.

Fund investors continue retreat from U.S. stock market

11 Sep 2019

NEW YORK 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.

RPT-U.S. corporate bond, IPO markets heat up as recession fears persist

11 Sep 2019

NEW YORK, Sept 11 Corporate America appears to be rushing to get the most out of the decade-long bull market in stocks and bonds before a possible recession and election-year stock market volatility slam the IPO and credit windows shut.

U.S. corporate bond, IPO markets heat up as recession fears persist

11 Sep 2019

NEW YORK Corporate America appears to be rushing to get the most out of the decade-long bull market in stocks and bonds before a possible recession and election-year stock market volatility slam the IPO and credit windows shut.

Investors retreat from U.S. stocks as recession fears spread

28 Aug 2019

By David Randall NEW YORK, Aug 28 Investors pulled nearly $9.4 billion out of mutual funds and exchange-traded funds that hold U.S. stocks last week as concerns over a possible recession continued to weigh on investor sentiment, according to data released on Wednesday by the Investment Company Institute. The move out of domestic stocks pushed the year to date decline for the category to nearly $94.5 billion, with nearly a third of those losses coming since the beginning of August. The benchmark S&P 500 is down 3.2% for the month, due in part to rising concerns that an inversion in the U.S. Treasury bond market is signaling an upcoming recession. Bond funds, meanwhile, brought in a net of nearly $4 billion, bringing the year to date net gain for the category to nearly $269 billion. Expectations the Federal Reserve will continue to cut interest rates this year helped push 30-year Treasuries to record-low yields. World stock funds lost $4.6 billion last week, extending a 13-week losing streak. The following is a broad breakdown of the flows for the week, including mutual funds and exchange-traded funds: 8/21/2019 8/14/2019 8/7/2019 7/31/2019 Equity -14,004 2,437 -22,583 3,002 Domestic -9,382 3,109 -19,568 4,666 World -4,622 -672 -3,015 -1,664 Hybrid -743 -2,739 -1,562 -773 Bond 3,951 10,038 -2,611 8,250 Taxable 1,876 8,150 -5,484 6,589 Municipal 2,074 1,888 2,872 1,660 Commodity 618 307 1,179 248 Total -10,179 10,043 -25,578 10,727 (Reporting by David Randall Editing by Chris Reese)

Navigating the trade war: How to invest during turmoil

28 Aug 2019

NEW YORK The start-and-stop progress of negotiations between the United States and China aimed at ending the trade war between the world's two largest economies is souring Wall Street playbooks and increasing market volatility as investors seek to profit during the uncertainty.

World News

Iran says it will destroy any aggressor

Iran will pursue any aggressor, even if it carries out a limited attack, and seek to destroy it, the head of the elite Revolutionary Guards said on Saturday, after attacks on Saudi oil sites which Riyadh and U.S officials blamed on Tehran.