FYI: Investors took on a defensive approach ahead of next week’s Federal Reserve meeting, pouring money into ultra-short obligation funds as well as equity and fixed-income exchange-traded funds, Lipper data showed on Thursday.
The ultra-short obligation funds (USO) peer group, which are used to offset interest rate risk, had net inflows of $614 million in the week ended Wednesday, their 28th straight week of net inflows, said Patrick Keon, senior analyst at Thomson Reuters Lipper.
Regards,
Ted
