According to data released by the American Investment Companies Association (ICI) on Wednesday, investors have increased their bond positions in the last week, and the inflows to US registered bond funds hit high since July, and the momentum of US equity funds stalled.
ICI said that as of September 20 the week, more than 11 billion US dollars of funds into the United States registered bond mutual funds and exchange-listed funds (ETF), including the first 42 weeks into the taxable bond funds.
ICI also said the US domestic equity funds continue to struggle, the week there are 2.1 billion dollars outflow of funds.
"There is an unusual rally," says Meb Faber, chief investment officer at Cambria Investment Management. "People may start to feel" uneasy "about the US stock market. The current rally has lasted for more than eight years, mainly due to the demand for ETF and corporate repurchase of their own stocks boost.
Global equity funds recorded inflows for 42 consecutive weeks, attracting $ 3.1 billion in inflows during the week.
MSCI Ming (MSCI.N) data show that the international stock market relative to the US stock market performance is expected for the 2009 global financial crisis since the best. And in the past four years the performance of each year is less than US stocks.
Faber said the global stock market rebound trend may continue, "we think it will last for several years."
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