{"id":1955035,"date":"2023-06-23T08:12:02","date_gmt":"2023-06-23T12:12:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/global-equity-funds-see-over-15-billion-in-outflows-on-rate-hike-worries\/"},"modified":"2023-06-23T08:13:24","modified_gmt":"2023-06-23T12:13:24","slug":"global-equity-funds-see-over-15-billion-in-outflows-on-rate-hike-worries","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/global-equity-funds-see-over-15-billion-in-outflows-on-rate-hike-worries\/","title":{"rendered":"Global equity funds experience $15B+ outflows due to rate hike concerns."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fglobal-equity-funds-see-over-15-billion-in-outflows-on-rate-hike-worries%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1955035&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>(Reuters) \u2013 Global equity funds suffer outflows as borrowing costs rise<\/p>\n<p>During the seven days to June 21, global equity funds experienced substantial outflows. Concerns over higher borrowing costs, triggered by the European Central Bank&#8217;s interest rate hike and the Federal Reserve&#8217;s indication of more hikes, led investors to withdraw a net $15.12 billion from these funds. This is a significant shift from the previous week, which saw net inflows of $16.04 billion.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Fed Chair Jerome Powell&#8217;s hawkish tone during his testimony before the U.S. House Financial Services Committee added to the concerns. He stated that a majority of policymakers expected two more quarter-point rate hikes by the end of the year.<\/p>\n<p>The Bank of England surprised investors by raising interest rates by half a percentage point on Thursday, citing the need for more time for inflationary pressures to subside.<\/p>\n<p>During this period, U.S. and European equity funds witnessed outflows of $16.47 billion and $1.81 billion, respectively. However, Asian funds saw inflows of about $2.6 billion.<\/p>\n<p>The healthcare and industrial sectors experienced net selling of $1.14 billion and $174 million, respectively. On the other hand, financials attracted inflows of about $710 million.<\/p>\n<p>Meanwhile, global bond funds continued their inflows streak for the 14th consecutive week, with approximately $4.07 billion flowing in.<\/p>\n<p>Both global government and corporate bond funds attracted about $1.9 billion each. However, high yield, loan participation, and convertible funds suffered outflows of about $400 million each.<\/p>\n<p>Additionally, investors withdrew a net $15.13 billion from money market funds, marking the second consecutive week of outflows.<\/p>\n<p>In the commodity funds category, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/global-equity-funds-see-over-15-billion-in-outflows-on-rate-hike-worries\/\" title=\"Global equity funds experience B+ outflows due to rate hike concerns.\">precious metal funds experienced net selling<\/a> for the fourth successive week, with investors withdrawing $498 million. Energy funds also saw outflows of $176 million.<\/p>\n<p>Data for 24,028 emerging market funds showed that investors bought a net $714 million worth of bond funds, marking the third consecutive week of net buying. They also purchased $812 million of equity funds.<\/p>\n<\/p>\n<p> (Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Vinay Dwivedi)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/global-equity-funds-see\/attachment\/traders-work-on-the-floor-of-the-nyse-in-new\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>After Secretary of State Antony Blinken\u2019s trip to China to cool down tensions, Biden calls China\u2019s President Xi Jinping a dictator.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Presidential hopeful Ron DeSantis takes aim at the Golden City after taking a trip to California.\u00a0<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with James O\u2019Keefe<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Rep. Troy Nehls<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Arriana McLymore and Katherine Masters NEW YORK (Reuters) \u2013 Amazon.com Inc isn\u2019t the only U.S. retailer accused of using deceptive tactics\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By A. Ananthalakshmi KUALA LUMPUR (Reuters) -Malaysia said on Friday it will take legal action against Facebook parent company Meta Platforms for\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) -User reports of outages at Alphabet Inc\u2019s YouTube and YouTube TV fell sharply early on Friday from a peak of over\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>SYDNEY (Reuters) \u2013 Australia on Friday named a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-to-kill-a-star-astronomers-see-a-demolition-derby-scenario\/\" title=\"Destroying a star: Astronomers witness a cosmic demolition.\">senior air force commander<\/a> as its first cybersecurity boss to help lead the government\u2019s\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>$15.12 billion in the previous week. The outflows were driven by worries about prolonged high borrowing costs due to interest rate hikes by the European Central Bank and the Federal Reserve&#8217;s indication of further increases.<\/p>\n","protected":false},"author":66,"featured_media":1955036,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1955035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1955035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1955035"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1955035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1955036"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1955035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1955035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1955035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}