Investors rounded off a bruising year of rising interest rates and high inflation by retreating from equity funds at the fastest pace in more than two decades.
New data from EPFR show a net withdrawal of nearly $42bn from global equity funds in the week to Wednesday, with the Federal Reserve’s subsequent warning that borrowing costs are unlikely to fall until 2024 denting what little festive cheer remained.
https://www.ft.com/content/81c91bc0-4bc0-4e17-a43c-0c64af2c5ba8
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
2 views