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During a picture opportunity at the Korea Exchange Bank’s headquarters in Seoul on April 28, 2010, an employee counts one hundred US dollar bills. Jo Yong-Hak/Reuters Reuters, July 9 – In the week ending July 7, U.S. stock funds saw withdrawals for the first time in four weeks, as investors shied away from riskier assets, with the spread of the COVID-19 Delta variant putting doubt on an economic rebound. According to data from Refinitiv Lipper, U.S. stock funds saw a net outflow of $5.2 billion last week, compared to an inflow of $4.8 billion the week before. Recent labor market and services sector data have given investors pause, indicating that the economy may not be strengthening as quickly as expected, and that underlying weakness may be forming. The services industry in the United States increased at a sluggish pace in June, according to data released this week, mainly due to labor and raw material shortages. find out more Small- and mid-cap funds in the United States experienced $2.2 billion and $839 million in outflows, respectively, while large-cap funds got $899 million, the smallest inflow in four weeks. After five weeks of net purchases, investors sold $1.4 billion in US real estate funds among sector funds. For the fourth week in a row, funds in the financial sector have seen outflows. HTML block example Meanwhile, bond funds in the United States attracted $9.5 billion this week as investors fled to safety as 10-year Treasury yields fell to a four-and-a-half-month low. The amount of money invested in short and intermediate investment-grade funds in the United States reached $3.9 billion, the highest level in two months. Municipal debt funds in the United States raised $2.2 billion, the biggest in four weeks. Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru contributed reporting, and Andrea Ricci edited the piece. The Thomson Reuters Trust Principles are our standards./nRead More

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