Investment flows into global equity funds jumped to the highest in three weeks in the week ended June 16, as investors shrugged off inflation worries and focused on the improving global economic outlook.
Global equity funds received a net $10.3 billion in the week ended June 16, compared with about $13bn outflows in the previous week, data from Refinitiv Lipper showed.
European equity funds led inflows, luring $8.6bn, while US equity funds and Asian equity funds had net purchases worth $0.4bn and $1.2 bn, respectively.
Global equities hit fresh peaks earlier this week on investor bets that higher inflation levels are transitory, and on optimism about broadening economic recovery from the pandemic.
However, the MSCI world equity index has dropped since Wednesday, as US Federal Reserve officials projected interest rate hikes sooner than expected.
The Lipper data showed global bond funds had a net buying of $9bn in the week ended June 16, although the inflows were the smallest in three weeks.
Global high-yield bonds witnessed net selling of $1.43bn, the biggest in four weeks. However, inflation-linked bonds continued to lure money flows for the seventh successive week.
Meanwhile, global money market funds faced outflows worth $56.6bn, the highest since December 2020.
Among commodity funds, precious metal funds had some meagre inflows, while energy funds continued to witness outflows for the third consecutive week.
Gold was set to register its worst week in almost nine months, shedding about 4.5 per cent so far, jolted by a rise in US Treasury yields since the Fed’s hawkish tilt on Wednesday.
An analysis of 23,712 emerging-market funds showed bond funds had inflows worth $1.27bn after marginal outflows in the previous week, while equity funds attracted $184 million, the third straight week of inflows.
Boulder shooting victims
• Denny Strong, 20
• Neven Stanisic, 23
• Rikki Olds, 25
• Tralona Bartkowiak, 49
• Suzanne Fountain, 59
• Teri Leiker, 51
• Eric Talley, 51
• Kevin Mahoney, 61
• Lynn Murray, 62
• Jody Waters, 65
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How to come clean about financial infidelity
- Be honest and transparent: It is always better to own up than be found out. Tell your partner everything they want to know. Show remorse. Inform them of the extent of the situation so they know what they are dealing with.
- Work on yourself: Be honest with yourself and your partner and figure out why you did it. Don’t be ashamed to ask for professional help.
- Give it time: Like any breach of trust, it requires time to rebuild. So be consistent, communicate often and be patient with your partner and yourself.
- Discuss your financial situation regularly: Ensure your spouse is involved in financial matters and decisions. Your ability to consistently follow through with what you say you are going to do when it comes to money can make all the difference in your partner’s willingness to trust you again.
- Work on a plan to resolve the problem together: If there is a lot of debt, for example, create a budget and financial plan together and ensure your partner is fully informed, involved and supported.
Carol Glynn, founder of Conscious Finance Coaching
SERIES INFO
Afghanistan v Zimbabwe, Abu Dhabi Sunshine Series
All matches at the Zayed Cricket Stadium, Abu Dhabi
Test series
1st Test: Zimbabwe beat Afghanistan by 10 wickets
2nd Test: Wednesday, 10 March – Sunday, 14 March
Play starts at 9.30am
T20 series
1st T20I: Wednesday, 17 March
2nd T20I: Friday, 19 March
3rd T20I: Saturday, 20 March
TV
Supporters in the UAE can watch the matches on the Rabbithole channel on YouTube
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UAE currency: the story behind the money in your pockets
WHAT%20IS%20THE%20LICENSING%20PROCESS%20FOR%20VARA%3F
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Young women have more “financial grit”, but fall behind on investing
In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.
While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.
In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all).
“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”
Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.
"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."
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