|
 The cash withdrawals from the commodities and precious metal funds,
which mainly invest in gold futures, follow gold's deep slump. The
yellow metal is down more than 40 percent from its 2011 peak and
crashing back toward $1,000.
"Gold lost technical support, $1,130, this week and traders bailed,"
said Jeff Tjornehoj, head of Lipper Americas Research. "Still, I’m
surprised it wasn’t a bigger rout."
Stock funds posted $1.4 billion in withdrawals to mark their second
straight week of outflows. Funds that specialize in U.S. shares
accounted for the total outflows, with investors pulling $4.5
billion from the funds.
Tjornehoj said equity ETF traders "seemed to take a risk-on
attitude" as they sold the core ETFs - SPDR S&P 500 ETF Trust,
iShares Russell 2000 index and SPDR Dow Jones Industrial Average.
The same traders were bullish on PowerShares QQQ Trust, Series 1,
XLF Financial Select Sector SPDR FundP> and Ishares Trust Russell
1000.
For their part, U.S.-based Chinese stock funds posted $278 million
of outflows, their fifth straight week of withdrawals, Lipper said.
U.S.-based European stock funds attracted inflows of $906 million,
their biggest inflows in five weeks, Lipper added.
Taxable bond funds attracted $3.4 billion in new cash to mark their
third straight week of inflows. U.S.-based money market funds
attracted $18.9 billion of inflows after $9.4 billion of outflows
the prior week, according to Lipper data.
The following is a broad breakdown of the flows for the week,
including exchange-traded funds (in $ billions):
Sector Flow Chg($ Pct of Assets($ Count
blns) Assets blns)
[to top of second column] |
All Equity Funds -1.409 -0.03 5,390.798 11,804
Domestic Equities -4.526 -0.12 3,860.183 8,459
Non-Domestic 3.117 0.20 1,530.615 3,345
Equities
All Taxable Bond 3.367 0.14 2,337.938 6,114
Funds
All Money Market 18.879 0.82 2,310.343 1,257
Funds
All Municipal Bond 0.125 0.04 344.952 1,498
Funds
(Reporting by Sam Forgione; Editing by Jennifer Ablan and Tom Brown)
[© 2015 Thomson Reuters. All rights
reserved.] Copyright 2015 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
