On the subject of inflow and outflow, especially given the junk bond turmoil, here are some interesting numbers. Not only do they tell what investors are doing, but they give some inkling of where they're going.
Cash still pays next to nothing. Sure it's nice to have if you think a selloff-rebound in equities is imminent. But income is still hard to find.
Elsewhere emerging-market debt funds saw outflows of $2.2 billion, the biggest in 15 weeks, and have now suffered outflows in 20 of 21 weeks. And investors withdrew $3.3 billion from investment-grade bond funds, the second-biggest weekly exit in two years.
As for Treasury and government funds, the outflow amounted to $300 million, but money has exited nine of the past 10 weeks.
On the equity side, U.S. stock funds suffered outflows of $4.2 billion, while inflows to Europe slowed to $600 million. Another $1.3 billion came out of emerging markets, the seventh-straight week of outflows. More:
One wants to tread lightly here, but that doesn't mean there are not opportunities. Do yhour homework.
marketwatch.com/story/bond-investors-abandoned-ship-this-past-week-2015-12-18
One wants to tread lightly here, but that doesn't mean there are not opportunities. Do yhour homework.
marketwatch.com/story/bond-investors-abandoned-ship-this-past-week-2015-12-18
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