March 31, 2006 |
Individual investors continued to pour money into stock mutual funds in February, but their appetite for foreign funds waned somewhat. Stock funds overall took in $27.3 billion in net new cash in February, down from $31.6 billion in January but up from $22.2 billion in February 2005, the Investment Company Institute said Thursday. Foreign stock funds took in a net $19 billion for the month, down from a record $23.5 billion in January. Domestic stock funds took in $8.
January 31, 2006 |
American investors' love affair with foreign stock mutual funds shows no sign of waning. Investors continued to pour cash into foreign stock funds in December, while domestic equity funds saw net outflows, new data show. The total net cash flow into all stock funds was $10.1 billion last month, down from $21 billion in November, Investment Company Institute, the fund industry's trade group, reported Monday. Cash flow is new purchases minus redemptions.
August 28, 1999 |
Ecuador's looming default on $6 billion in foreign debt has so far been shrugged off by neighboring Latin American markets. Unlike the faraway crises in Asia and Russia that caused havoc in Latin America, the placid reaction to Ecuador's likely default shows that investors have become more sophisticated about emerging markets, said Lacey Gallagher, Latin American ratings director at Standard & Poor's. "In and of itself, Ecuador's crisis is not a watershed of any kind," Gallagher said.
November 14, 1997 |
Chase Manhattan Corp. said it lost $160 million before taxes from trading in emerging markets in October and as a result may fail to achieve its targeted 15% annual earnings growth. The losses stem from declines in the value of Brady bonds and Eurobonds the bank held or sold, but were less severe than some analysts suggested before the disclosure. Trading revenue at the largest U.S. bank accounted for $505 million in the third quarter, or 21% of the bank's non-interest revenue.
November 6, 1996
Talking about worrisome speculation and sky-high valuations in the U.S. stock market is old hat by now, so as Bob Dole would say, "Let's just don't do it." Instead, let's talk about worrisome speculation and sky-high valuations in the world bond market. On Tuesday, long-term U.S. Treasury bond yields fell again to fresh seven-month lows, which traders attributed to growing belief in a moderating economy and confidence that the election would maintain the status quo in Washington. But the U.S.
January 17, 1996 |
Other than gold-mining stocks, the best investment ideas so far this year have been foreign bonds and foreign stocks. And many pros now believe that the foreign play has greater staying power than the gold play. The reason is simply that interest rates are continuing to fall in much of the world, and in many countries the rate decline has a ways to go before it catches up with the slide in U.S. yields last year.