In the week up to January 8 day , investors withdrew from US equity funds and moved to money market funds due to the uncertainty of the Fed interest rate norm path and the present donald Trump administration’s million policies, announces Reuters.
Based on LEG Lipper data, investors sold U.S. stocks in the week in the week in the market at US funds for $5.05 bn.The dollar and acquired 56,19 billion dollars worth of money in the market of funds units or the largest since December started.
Minutes of the Federal Reserve Bank meeting of December 17-18 revealed growing concern of officials about the continuous price press and the possible impact of the New Donald Trump administration’s policy .
Investors withdrew a total value of 4.88 billion from United State major capitalisation funds .This compares with 5.43 billion dollars in cash purchases in the last week.The middle and mixed capitalisation funds also saw an inflow of 1.2 billion respectively.While small capitalisation funds attracted 272 million funds and 751 million funds . dollars funds.
As for sectoral funds, industry withdrew 467 million from industry . with dollars funds, while the revenue from relations services andtechnologieswas348and338milliondollarsrespectively.
During thisperiodtheUSbondfundsafterthreeweeksofsequentialcashsalesresultedin9.14billiondollarsworthofcashrevenue.
