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ICI: Fund Flows Show Investors' Reticence On U.S. Stocks
FYI: Investors flooded U.S.-based taxable-bond funds with $7.9 billion during the latest week, Investment Company Institute (ICI) data showed on Wednesday, a 36th straight week of inflows that shows investors further stepping back from domestic stocks. Regards, Ted http://www.reuters.com/article/us-usa-mutualfunds-ici-idUSKCN1AW2O7
U.S. corporate investment grade bond issuance is about $950 billion so far this year. The expectation is that this issue class will top $1 trillion for the 3rd year running; especially in light that Amazon is going to issue bonds for the Whole Foods purchase. As to the bond money flows noted in the article, IMO; folks remain very twitchy with machinations in D.C.-land. 'Course the edgy side of this is a boat load of cheap debt piled upon company balance sheets. Company stock buy backs will help the executives with their "performance" bonuses, eh? All information believed to be accurate. Regards, Catch
Comments
As to the bond money flows noted in the article, IMO; folks remain very twitchy with machinations in D.C.-land.
'Course the edgy side of this is a boat load of cheap debt piled upon company balance sheets. Company stock buy backs will help the executives with their "performance" bonuses, eh?
All information believed to be accurate.
Regards,
Catch
Regards,
Ted