Global equity funds face weekly outflows on growth worries
Global equity funds saw outflows in the week ended Nov. 23 on worries over a recession due to higher interest rates and fresh lockdowns as COVID cases rise in China.
Fund flows: Global equities bonds and money marketAmong equity sector funds, financials, tech, and real estate funds had outflows of $751 million, $429 million, and $390 million, respectively, although consumer staples received $600 million worth of inflows.
Meanwhile, global bond funds posted outflows for a third straight week, amounting to $2.52 billion.Global short- and mid-term bond funds saw withdrawals of $4.84 billion, the biggest weekly outflow in five weeks, but high-yield bond funds lured inflows for a second successive week, to the value of $2.35 billion.
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China’s daily Covid infections highest since pandemic beganChina’s daily Covid cases climb to highest since pandemic began despite Beijing persisting with a zero-tolerance approach involving gruelling lockdowns and travel curbs
China expands lockdowns as COVID-19 cases hit daily recordBEIJING (AP) — China is expanding lockdowns, including in a cental city where factory workers clashed this week with police, as its number of COVID-19 cases hit a daily record. People in eight districts of Zhengzhou with a total of 6.6 million residents were told to stay home for five days beginning Thursday, except to buy food or get medical treatment. “China is expanding lockdowns, including in a city where factory workers clashed this week with police, as its number of COVID-19 cases hit a daily record.”- Lol! I don’t the zero Covid strategy is working very well! AnswerThePole Lechina James approves:
According to Refinitiv Lipper data, investors withdrew $8.Released on Thursday, the Centers for Disease Control and Prevention (CDC) and the World Health Organization (WHO) feared that a record decline of measles vaccination rates and persistent large outbreaks meant that the respiratory virus was an “imminent threat in every region of the world”.China needs a “recalibration” of its zero-COVID strategy in order to bring the world’s second-largest economy back on track, as the Yuan plummets and threat of a recession looms, one senior official with the International Monetary Fund (IMF) urged Wednesday.Workers at the Foxconn factory in Zhengzhou clashed with security early Wednesday after alleging that new employees were forced to bunk with infected employees.
6 billion and $840 million respectively from U.S. WHO Director-General Dr Tedros Adhanom Ghebreyesus says vaccinations are the most important factor in minimizing the threat of measles. and European equity funds but invested $470 million in Asian equity funds.2%, with some suggesting it could be as low as 2. Fund flows: Global equities bonds and money market Among equity sector funds, financials, tech, and real estate funds had outflows of $751 million, $429 million, and $390 million, respectively, although consumer staples received $600 million worth of inflows. According to the WHO, India, Somalia and Yemen are the three countries with the largest measles outbreak. Meanwhile, global bond funds posted outflows for a third straight week, amounting to $2. GERMAN PLAYERS COVER THEIR MOUTHS IN SILENT PROTEST AS LGBT ARMBAND ROW GROWS Workers claimed on video that the spark of the protests was a plan to delay bonus payments.
52 billion. In Australia, the shot is free for children between 12 to 18 months. “Under the zero-COVID strategy, China weathered the initial impact of the pandemic well, allowing the economy to recover swiftly from the early-2020 lockdowns,” IMF’s First Deputy Managing Director Gita Gopinath said in a statement released Wednesday. Global short- and mid-term bond funds saw withdrawals of $4.84 billion, the biggest weekly outflow in five weeks, but high-yield bond funds lured inflows for a second successive week, to the value of $2. The CDC states that nine out of 10 people who are not vaccinated against the disease will become infected in the advent of exposure.35 billion. The ruling Communist Party promised earlier this month to reduce disruptions from its”zero- COVID” strategy by making controls more (AP Photo/Andy Wong / AP Newsroom) US ‘OPTIMISTIC’ FOLLOWING BIDEN, XI MEETING, CHINA WARNS AGAINST WEAPONIZING FOOD, ENERGY China could see its GDP grow by roughly 4. Meanwhile, global government bond funds received inflows worth $809 million in a third straight week of net buying. 23, 2022. Hundreds of workers fought with security in May at Quanta Computer’s Shanghai factory after being barred from leaving the factory for months.
Global money market funds saw much bigger inflows, with investors bracing for the release of the Federal Reserve's meeting minutes. Fund flows: Global equity sector funds The data showed investors accumulated global money market funds worth $26. Common symptoms include fever, cold-symptoms, conjunctivitis and red and blotchy rashes that first appear around the face and hairline before spreading elsewhere around the body. “However, China’s growth has since slowed and remains under pressure amid recurring COVID outbreaks, deep challenges in the property sector, and slowing global demand.4 billion, compared with an outflow of $9.4 billion in the previous week. Last week, visitors who travelled through Melbourne airport were asked to monitor for symptoms until Saturday, December 3. Energy funds remained in demand for the fifth consecutive week as they received net investment of $149 million. Gopinath said China needs to look at investing in vaccine programs to ensure more people are able to better fend off the virus, as well as fiscal support initiatives to help vulnerable households.
Investors also purchased about $18 million of precious metal funds after five weeks of net selling in a row. The passengers boarded a Qantas flight QF36/ Emirates flight EK5036 in Singapore on Monday and landed at Melbourne Tullamarine Airport on Tuesday at about 6:10 am. Global bond fund flows in the week ended Nov 23 According to data available for 24,768 emerging market (EM) funds, EM equity funds received $1.11 billion but EM bond funds had outflows of $201 million after $233 million worth of net purchases the previous week. Victoria’s deputy chief health officer Deborah Friedman urged people who developed symptoms to seek medical care, and to wear a mask and call ahead to ensure they can be isolated from others. 11, 2022. Fund flows: EM equities and bonds Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru;Editing by Elaine Hardcastle Our Standards: .