US investors have already withdrawn $34 billion from US stock funds this year and fear another rate hike by the Federal Reserve and a slowdown in economic activity, analysts say. Meanwhile, European and Chinese company stock funds received $10 and $16 billion, respectively, during the same period.
The outflow of funds by US investors from US stock funds this year reached $34 billion, according to the Financial Times, citing data from Emerging Portfolio Fund Research, which tracks the movement of funds in mutual funds.
Concerns about a further increase in the US Federal Reserve rate and a slowdown in economic activity in the country are causing concern among investors who prefer long-term investments in shares, the newspaper notes.
Along with the outflow of funds from US company stock funds, experts noted their inflow into European and Chinese funds. So this year $10 billion flowed into European stock funds and $16 billion into Chinese company stock funds.
The attractiveness of the Chinese market has been affected by the lifting of coronavirus-related restrictions and the resumption of business activity, analysts say. The European market outperformed the US market, with the Stoxx 600 rising more than the S&P 500, posting its longest quarterly gain since 2008.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
