LONDON, April 19 - Cash equivalent funds saw a $160 billion tax-related outflow in the week to Wednesday, according to a Bank of America's weekly report that cites fund flows and asset allocation from data provider EPFR, while U.S. stocks suffered their second week of outflows.
MSCI's broadest gauge of world stocks , opens new tab was down almost 4% in the last two weeks, on track for its biggest two-week drop since October. In the first quarter, investors saw good economic data as a positive for company earnings, and while it caused a paring back of expectations of Federal Reserve rate cuts, some monetary easing was still seen as near certain.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SaltWire Network - 🏆 45. / 63 Read more »