Reported about 1 year ago
According to the latest data from the London Stock Exchange Group (LSEG) on June 24, 2024, global stock funds experienced two consecutive weeks of outflows as investors worried about the possibility of only one interest rate cut from the US Federal Reserve in 2024 and ongoing political unrest in Europe. The fear of these factors prompted investors to quickly take profits and temporarily withdraw funds from the stock market. Various sectors within the global stock funds showed differing trends, with technology funds maintaining growth, while financial and non-essential consumer goods funds experienced outflows. On the other hand, global bond funds continued to attract investors, with corporate bond funds seeing inflows for three consecutive weeks. Emerging market stock funds faced significant selling pressure, marking the largest outflow of funds since April 24, 2024. Overall, amidst economic uncertainties, investors seemed to favor assets that provide stable income, such as bond funds.
Source: YAHOO