US fund investors hike stock exposure by most since March – Lipper

Investors made a solid comeback to equity markets in the week ended May 16 despite a sharp rise in the treasury yields. 

US stock funds pulled in $9.5 billion – the most since March, according to Lipper, which tracks mutual funds and exchange-traded funds (ETFs) based in the United States.

That is good news for domestic stock funds that faced three straight months of withdrawals, notes Reuters.

Increased investor interest in equities amid rising yields environment is JPY (anti-risk currency) bearish. 


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