In the Margins

Fund investors ignore 'accelerating' corp earnings

October 4, 2017

By Reuters

Fund investors ignored record U.S. stock prices during the latest week, pulling the most cash from domestic equities since August, according to the Investment Company Institute. Domestic equity funds posted $9.3 billion in withdrawals during the week ended Sept. 27, while international stock funds reeled in money for a 43rd straight week. Investors are ignoring the fact that corporate earnings have been "accelerating," according to Richard Bernstein, CEO of Richard Bernstein Advisors LLC. Read the original story from Reuters.

 

 

Most Read

Top of the Agenda - Compensation
Fund CCOs continue to see pay increases

Mutual fund chief compliance officers saw notable increases in pay again in 2018, though they did not receive as big a pay bump as they did ...

10 Things
10 Things...to read in summer 2019

Hello, Summer 2019! Today's solstice marks the beginning of the season, and that—hopefully—means a slower pace for a few months. Trips to the beach, time on ...

A Seat at the Table
Invesco Funds board finalizes succession plans

The Invesco Funds board will name Christopher Wilson vice chairman at its June meeting, making him the heir apparent to long-serving independent Chair Bruce Crockett. Crockett ...