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Must-Know Updates from the Financials Sector Last Week

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Part 3
Must-Know Updates from the Financials Sector Last Week PART 3 OF 3

Investors Up Exposure in US Equities amid Rising Markets

Inflows continued in domestic equities

According to Lipper data, US-based stock ETFs (exchange-traded funds) saw inflows worth $9.4 billion last week even as the markets (SPY) continued to see record highs. It was the eighth consecutive week of inflows in the US-based stock ETFs. On the other hand, US-based stock mutual funds saw outflows of $3.5 billion during the same period. Normally, ETFs represent the investment behavior of institutional investors, while mutual funds represent that of retail investors.

Investors Up Exposure in US Equities amid Rising Markets

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US-based domestic equities (JPM) (BAC) (GS) (C) funds added $3.9 billion, while US-based non-domestic equities funds added $2 billion, the tenth consecutive week of inflows. US-based investment-grade corporate bond funds attracted inflows worth $2.6 billion, the tenth straight week of inflows. On the other hand, US-based high-yield bond funds saw outflows worth $209 million in the week. US-based international equities added $2 billion during the week, posting its 14th consecutive week of gains. Emerging market debt funds collected $322 million, while emerging market equities posted outflows of $68 million.

Upcoming events

The US will release the second estimate for GDP growth rates for the third quarter. The first estimate showed that the GDP rose 3%. US new home sales data for October will also be released this week. Canada, India, and Brazil will report their third-quarter GDP data this week. Germany will release the unemployment rate and the preliminary inflation rate for November, while Japan will reportĀ its inflation rate for October.

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