The Investment Company Institute recorded US$28.1 billion withdrawals from bond reserves. Investors in mutual funds headquartered in the United States withdrew US$28.
Tags: Federal Reserve
Hedge funds declines for the first time in eight months
Hedge funds sees a decline for the first time in eight months Hedge funds recorded their first monthly decline in eight months this June, as they battled volatile stock and bond markets.
US bond funds get US$219 million rebound last week
US fixed income mutual funds attracted deposits from investors that came from redemption rebounds after the Federal Reserve announced scaling back of its stimulus.
Fed's Reduced Bond Buying Threat Results in Fund Withdrawals
Fed's reduced bond buying threat resulted in fund withdrawals from several investors. After the Federal Reserve announced that it may slow down the pace of its asset purchases this year, several investors reacted by withdrawing their investments in mutual funds.
Philippine Stock Exchange Says Sales Record Achievable.
The PSE President Hans Sicat says sales record still achievable within the year. According to the Philippine Stock Exchange, the target for record shares sales for 2013 is still achievable.
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ICI reported to the Federal Reserve a rise in total money market mutual funds The Investment Company Institute (ICI) issued a report for money market mutual funds assets: "Total money market mutual fund assets increased by $12.
Ben S. Bernanke's, Federal Reserve Chairman, statement continued to rattle markets. Investors pulled out around US$60 billion.
Credit Suisse's falling stocks boded ill for other Swiss stocks. (Photo : Reuters)The image shows an office of Credit Suisse, whose falling stocks indicated a drop of other Swiss stocks as well.
Pimco Total Return Fund of Bill Gross recorded US$9.9 billion withdrawals due to Federal Reserve's scaling back of its own purchases.
Alstom issued bonds while credit risk was at a reduced level. (Photo : Reuters)This is the logo of Alstom. Alstom SA sold bonds for the first time since October last year, with the cost of insuring debt against losses at the lowest level in two weeks.
Asia-pacific investors continue to fret due to Fed’s quantitative easing and China’s economic slowdown.
The International Monetary Fund said the markets overreacted even if the US Federal Reserve didn't know how to stop buying bonds.
World Bank President Jim Yong Kim addressed the aims of the global lender to reduce poverty. (Photo : Reuters)President Jim Yong Kim of World Bank, gives a lecture on global creditor's goals.
Asian markets buckled badly after the Federal Reserve indicated eventual end to free money on Thursday.
