US equity funds hit by outflows on rising yields, rates uncertainty

US equity funds hit by outflows on rising yields, rates uncertainty

U.S. equity funds saw outflows for the first time four weeks in the seven days ended May 29, hit by rising bond yields and uncertainty over the timing and extent of Federal Reserve interest rate cuts. According to LSEG Lipper data, net outflows from U.S. equity funds totalled $7.6 billion. This came as the yield … Read more

FPIs: FPIs dump financial services stocks worth $6.6 billion in 2024 as sector looks less rosy

FPIs: FPIs dump financial services stocks worth .6 billion in 2024 as sector looks less rosy

FPIs have been net sellers of financial services stocks in six out of eight fortnights since the start of 2024. Consequently, the weight of the financial services sector dropped to a multi-year low of 28.28% on May 15. Synopsis National Securities Depository Ltd (NSDL) data showed foreign portfolio investors (FPIs) sold financial services stocks worth … Read more