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John Wang
May 20 21:05

US stock funds lose money

Bonds are in demand.
Lipper published a report on the recent dynamic of the US stock funds. According to their data, the funds saw US$10.8 billion in outflows in the last seven days.
During this period, the taxable bond funds in the country got the additional US$11.9 billion. The inflows continue for the fourth week straight. Money market in the United States added US$32.8 billion. The inflows there continue for tenth week straight.
The investors have turned back to safe-haven assets after the optimism on the markets has been cut short by the report on the coronavirus vaccine, published on the healthcare news media STAT. The report claims, that the results of the first test are not detailed enough and are not adequate proof of vaccine efficiency.