US stocks attracted $11bn in inflows last week as China outflows continue: Citi

Investing.com -- Equity funds saw an inflow of $4 billion in the week ending October 23, 2024, while bond funds attracted $13.5 billion, according to Citi.

Emerging markets, however, faced less positive flows. Specifically, China-focused ETFs posted a second consecutive week of outflows, losing $6.4 billion despite a nearly 4% increase in net asset value. Meanwhile, gold funds experienced a notable surge, Citi reveals, drawing in $2.7 billion this week. Since May, cumulative inflows into gold funds have reached $13.6 billion.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Citi names 3 U.S. traded stocks set to benefit China's stimulus programChinese internet stocks have risen 45% since the stimulus was announced, yet Citi think there's more upside.
Source: CNBC - 🏆 12. / 72 Read more »

These six stocks remain Citi's Top Picks in China's internet sector after stimulus rallyThese six stocks remain Citi's Top Picks in China's internet sector after stimulus rally
Source: Investingcom - 🏆 450. / 53 Read more »