- Global investors poured into money market and government bond funds in the week to Aug. 14, preferring to stick with lower risk assets while waiting for more clarity on the health of the U.S. economy.
But since then, benign U.S. inflation figures and surprisingly strong retail sales have seen equities pick up again. Investors allocated a net $938 million and $850 million into the tech and utilities sectors, respectively, but withdrew $426 million from consumer discretionary funds. Data covering 29,578 emerging market funds showed a net outflow of $1.21 billion from equity funds, continuing a 10-week trend, while bond funds drew net purchases of $92 million.The Duke of Sussex could not resist a bit of “dad dancing” as he got into the spirit of a cultural performance in Colombia.