As its clients took out money from emerging markets, Aberdeen Asset Management Plc reported net outflows of £4.4 billion in the fourth quarter, Bloomberg reported.
outflows
- Joe Biden Bashes Donald Trump for Inheriting His Wealth as He Touts His Middle-Class Upbringing in Union Speech
- ASML's Potential Exit from the Netherlands: Dutch Minister Remains Optimistic About Company's Future
- Shipping Industry Calls on UN to Protect Vessels, Seafarers Following Iran's Seizure of MSC Aries Container Ship
Data from TrimTabs Investment Research showed that US-listed bond mutual funds and exchange traded funds or ETFs posted outflows of $34 billion in December, Reuters reported.
Data from Thomson Reuters Lipper service showed that investors of US-based stock mutual funds pulled out a total of $6.51 billion in the week ending December 11, Reuters reported.
According to a recent Lipper report, there have been fifteen weeks of outflows recorded for 2013.
Goldman Sachs Group Inc. recommended India to reduce stock holdings after its recorded investors exit in July, resulting to a cut on India's shares rating.
Reserve Bank of India's decision to increase borrowing costs eliminated the country's largest bond gains and further extended the US$8 billion fund outflow.
Investcorp's Skrill sale made bankers prepare for debt investment of around GBP300 million or US$456.16 million.
Foreign investors, such as China and Japan, have started divesting their US bond holdings.
Subscribe to VCpost newsletter
Most Popular
- SSDI Payment April 2024: Who Will Receive Social Security Benefits Today?
- Tesla Spends $200,000 in Promoting Elon Musk's Social Media Platform X Following Mention of 'Minimal Advertising Efforts'
- Australian Farmer Prepares Grave of 3,000 Sheep After Failing to Find Buyer
- Where's My Child Tax Credit 2024: When to Receive My Money After April 15 Tax Filing Deadline?
- Brazilian Woman Wheels Her Dead Uncle Into the Bank to Withdraw Loan in His Name
- Elon Musk's SpaceX Working With Northrop Grumman on Secret Spy Satellite Project for US Intelligence: Report
- Michigan Family Sues Wendy's for $20 Million After 11-Year-Old Girl Suffered Deadly E.Coli Infection
- Innocent Female Uber Driver, 61, Shot Dead by 81-Year-Old Ohio Man Who Was Targeted by Scammers