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United Kingdom

David Randall

Fund managers skittish over Levi's long-term growth prospects

21 Mar 2019

NEW YORK Levi Strauss & Co's is betting it can convince investors there is still plenty of global growth left for the 165-year old company, but fund managers fret the iconic blue jeans maker's stock may be too pricey to generate a decent return.

U.S. stock funds net largest gain since March '18

20 Mar 2019

By David Randall NEW YORK, March 20 U.S. domestic stock mutual funds and exchange-traded funds grabbed their largest net inflows since March 2018 last week as progress on trade talks between the United States and China pushed the benchmark S&P 500 index to its best week of the year so far. Overall, investors sent a net of $12.8 billion into funds that hold U.S. stocks during the week ended March 13, according to data released on Wednesday by the Investment Company Institute, a trade group. That was a steep reversal from the week before, when investors pulled approximately $2.6 billion out of the category, and the largest inflow since the net of roughly $19 billion investors dropped into U.S. stock funds in the week that ended March 14 of 2018. The bullishness on U.S. stocks came amid a broad rally in the S&P 500 spurred by optimism for a breakthrough in the trade talks between the United States and China, the world's two largest economies. The S&P 500 gained 2.9 percent for the week, adding to a rally that has pushed the benchmark index up nearly 13 percent since the start of January. Even with the large net inflows last week, investors have pulled a net of approximately $746 million out of U.S. stock funds over the 10 full weeks of this year. World stock funds, meanwhile, posted a four-week losing streak by shedding a net of $517 million. For the full year to date, however, investors have sent a net of slightly more than $8 billion into the category. Bond funds continued their streak of positive inflows by pulling in a net of $11.3 billion last week. Investors have sent positive inflows into bond funds during every full week of the year, adding a net total of approximately $93.6 billion since the start of January. The following table shows estimated ICI flows for mutual funds and ETFs (all figures in millions of dollars): 3/13/19 3/6/19 2/27/19 2/20/ 2/13/19 19 Equity 12,315 -3,739 1,302 -204 8 Domestic 12,833 -2,640 4,023 965 -153 World -517 -1,099 -2,721 -1,16 161 9 Hybrid -1,420 -1,267 -774 -858 -880 Bond 11,329 6,058 11,656 8,568 9,736 Taxable 8,814 3,994 9,030 6,096 6,751 Munis 2,515 2,064 2,626 2,472 2,985 Commodity 207 -1,152 -246 -133 -353 Total 22,431 -100 11,939 7,373 8,511 (Reporting by David Randall; editing by Jennifer Ablan and Jonathan Oatis)

RPT-Wall St Week Ahead-U.S. funds focus on media stocks, banks to find value as mid-caps rally

17 Mar 2019

NEW YORK, March 15 The S&P 400 Mid-Cap index has surged to its best start to a year since 1991, both rewarding fund managers and forcing them to work harder to seek out bargains in a group that is now the most expensive part of the U.S. market based on their historical averages.

Wall Street weekahead: U.S. funds focus on media stocks, banks to find value as mid-caps rally

16 Mar 2019

NEW YORK The S&P 400 Mid-Cap index has surged to its best start to a year since 1991, both rewarding fund managers and forcing them to work harder to seek out bargains in a group that is now the most expensive part of the U.S. market based on their historical averages.

U.S. stock funds lose inflows as stock rally continues

13 Mar 2019

NEW YORK U.S. investors ended their longest buying streak since October by pulling money out of domestic stock mutual fund and exchange-traded funds last week on global concerns about economic growth in Europe, according to Investment Company Institute data released on Wednesday.

U.S. stock funds lose inflows as stock rally continues

13 Mar 2019

By David Randall NEW YORK, March 13 U.S. investors ended their longest buying streak since October by pulling money out of domestic stock mutual fund and exchange-traded funds last week on global concerns about economic growth in Europe, according to Investment Company Institute data released on Wednesday. Overall, U.S. investors pulled a net $2.64 billion out of domestic stock funds during the week ended March 6, after pumping in a net of $4 billion the week before. The shift pushed total net outflows from U.S. stock funds to $13.5 billion over the nine full weeks of 2019 so far, despite a broad market rally that has pushed the benchmark S&P 500 index up 12.3 percent for the year to date. World stock funds lost a net of $1.13 billion for the week. For the year to date, investors have sent a net of $8.5 billion into stocks outside of the U.S. market. Both taxable and municipal bond funds continued to attract net inflows, of $6.05 billion combined, for the week. That was about half of the inflows the week before. The following table shows estimated ICI flows for mutual funds and ETFs (all figures in millions of dollars): 3/6 2/27 2/20 2/13 2/6 Equity -3,773 1,302 -204 8 1,269 Domestic -2,640 4,023 965 -153 -2,863 World -1,133 -2,721 -1,169 161 4,132 Hybrid -1,267 -774 -858 -880 710 Bond 6,058 11,656 8,568 9,736 16,091 Taxable 3,994 9,030 6,096 6,751 13,130 Municipa 2,064 2,626 2,472 2,985 2,961 l Commodity -1,152 -246 -133 -353 -621 Total -135 11,939 7,373 8,511 17,449 (Reporting by David Randall; Editing by Jennifer Ablan and Richard Chang)

U.S. Lipper Award winners bet big on Brexit, global slowdown

08 Mar 2019

NEW YORK Japanese automakers, a U.S. municipal bond insurer caught up in the Puerto Rican debt scandal, and UK's largest online classified advertising site for used cars are among the top picks by equity fund managers who received a U.S. Lipper Fund Award in New York on Thursday night.

REFILE-U.S. Lipper Award winners bet big on Brexit, global slowdown

08 Mar 2019

NEW YORK, March 8 Japanese automakers, a U.S. municipal bond insurer caught up in the Puerto Rican debt scandal, and UK's largest online classified advertising site for used cars are among the top picks by equity fund managers who received a U.S. Lipper Fund Award in New York on Thursday night.

RPT-U.S. Lipper Award winners bet big on Brexit, global slowdown

08 Mar 2019

NEW YORK, March 8 Japanese automakers, a U.S. municipal bond insurer caught up in the Puerto Rican debt scandal, and UK's largest online classified advertising site for used cars are among the top picks by equity fund managers who received a U.S. Lipper Fund Award in New York on Thursday night.

U.S. investors continue to chase stock market rally

06 Mar 2019

NEW YORK U.S. investors continued to buy into the stock market rally by sending a net $4 billion into domestic equity mutual funds and exchange-traded funds in the week ended Feb. 27th, the largest inflow into the category since the first full week of January, according to data released Wednesday by the Investment Company Institute.

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