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United Kingdom

David Randall

RPT-Wall St Week Ahead-Prospect of Fed cut pushing dividend investors into tech, energy

6:00pm BST

NEW YORK, July 19 An expected interest rate cut by the Federal Reserve later this month is pushing yield-oriented U.S. fund managers further afield in search of income at attractive prices.

A rally and a redirect: why the markets are so focused on the Fed

2:06pm BST

NEW YORK When New York Fed President John Williams talked about the need to "vaccinate the economy" on Thursday, markets listened. And when the New York Fed itself spoke up later to clarify his remarks, investors were again all ears.

RPT-UPDATE 1-A rally and a redirect: why the markets are so focused on the Fed

2:00pm BST

NEW YORK, July 19 When New York Fed President John Williams talked about the need to "vaccinate the economy" on Thursday, markets listened. And when the New York Fed itself spoke up later to clarify his remarks, investors were again all ears.

Wall Street Week Ahead: Prospect of Fed cut pushing dividend investors into tech, energy

20 Jul 2019

NEW YORK An expected interest rate cut by the Federal Reserve later this month is pushing yield-oriented U.S. fund managers further afield in search of income at attractive prices.

A rally and a redirect: why the markets are so focused on the Fed

19 Jul 2019

NEW YORK When New York Fed President John Williams talked about the need to "vaccinate the economy" on Thursday, markets listened. And when the New York Fed itself spoke up later to clarify his remarks, investors were again all ears.

A rally and a redirect: why the markets are so focused on the Fed

19 Jul 2019

NEW YORK, July 19 When New York Fed President John Williams talked about the need to "vaccinate the economy" on Thursday, markets listened. And when the New York Fed itself spoke up later to clarify his remarks, investors were again all ears.

Two top fixed-income portfolio managers exit Eaton Vance

19 Jul 2019

NEW YORK Bond fund managers Kathleen Gaffney and Henry Peabody left Eaton Vance Corp at the end of June and have been replaced by existing members of the firm's fixed-income team, a spokeswoman told Reuters.

Two top fixed-income portfolio managers exit Eaton Vance

19 Jul 2019

NEW YORK, July 19 Bond fund managers Kathleen Gaffney and Henry Peabody left Eaton Vance Corp at the end of June and have been replaced by existing members of the firm's fixed-income team, a spokeswoman told Reuters.

Investors wade back into U.S. stocks as S&P 500 hits records

17 Jul 2019

NEW YORK Investors waded back into the U.S. stock market by buying mutual funds and exchange-traded funds that hold domestic stocks last week after pulling out the largest amount of net assets since 2014 the week before, according to data released on Wednesday by the Investment Company Institute. 

Investors wade back into U.S. stocks as S&P 500 hits records

17 Jul 2019

By David Randall NEW YORK, July 17 Investors waded back into the U.S. stock market by buying mutual funds and exchange-traded funds that hold domestic stocks last week after pulling out the largest amount of net assets since 2014 the week before, according to data released on Wednesday by the Investment Company Institute. Overall, investors sent nearly $2.4 billion into domestic stock funds last week, breaking a two-week retreat that pulled more than $30 billion in net assets from the category. The moves into the market came as the benchmark S&P 500 continued to touch new highs as part of a rally that has pushed the index up nearly 20% for the year to date, fueled in part by expectations of at least one equity-friendly interest rate cut by the U.S. Federal Reserve by the end of the year. Yet despite that rally, investors have been hesitant to buy U.S. stock funds. For the year to date, investors have pulled nearly $59 billion from U.S. stock funds, according to ICI data. Instead, investors continue to gravitate toward bonds even as the yield of the 10-year Treasury hovers near 2%. Taxable and municipal debt funds added another $9.9 billion in new assets last week, continuing a streak of positive inflows over every full week of this year that has brought in nearly $234 billion in net assets into the category over that time. World stocks, meanwhile, continued to seep assets. Investors pulled slightly more than $1 billion from the category last week, adding to a seven-week losing streak. For the year to date, world stock funds have dropped nearly $17.7 billion in net assets. The following is a broad breakdown of the flows for the week, including mutual funds and exchange-traded funds: 7/10/19 7/2/19 6/26/19 6/19/19 6/12/19 Equity 1,373 -28,756 -8,827 10,128 5,043 Domestic 2,382 -25,153 -5,417 11,676 6,195 World -1,009 -3,603 -3,410 -1,548 -1,152 Hybrid -46 -560 -1,947 -156 -1,282 Bond 9,858 10,435 10,528 7,932 11,934 Taxable 7,694 8,810 8,011 6,342 10,653 Municipal 2,164 1,625 2,517 1,590 1,281 Commodity 208 143 1,703 389 317 Total 11,393 -18,737 1,456 18,292 16,012 (Reporting by David Randall; Editing by Jennifer Ablan and Jonathan Oatis)

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