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Investors rush back into stocks

Feb. 21, 2014 2:48 PM ETILCB, VV, ILCG, VUG, VTV, PWB, PWV, ILCV, NY, PRF, GVT, SFK, EZY, FEX, FTC, EEH, DOD-OLD, MGV, MGK, EQL, IWY, IWX, RWG, SCHX, SCHG, SCHV, FWDD, SPGP, SPVM, EQWL, SDOG, ALTL-OLD, FLAG-OLD, FNDX, ERW, IELG, TRSK, SPXH, SYE, SYG, SYV, POWABy: Stephen Alpher, SA News Editor10 Comments
  • Maybe sensing the moderate early-2014 selloff is done with, investors poured $13.4B into equities in the latest week, according to BAML - the strongest in 12 weeks and bringing YTD equity asset-gathering back to flat.
  • Emphasizing the risk appetite theme, flows into high-yield bonds of $2.4B were the highest in 17 weeks, and money-market funds saw outflows of $40.45B after receiving inflows of $11.55B the previous week.
  • Still, emerging market debt and equity continues to be sold. In fact, outflows from EM equities over the past four weeks have risen to 2.2% of AUM - just shy of the 3% level which signals a contrarian "buy" signal, says BAML.
  • Turning into a pretty good contrarian signal himself, is Hugh Hendry, who dropped his multi-year caution in December to get "long pretty much anything." His Eclectica Fund subsequently lost 3.6% in January - its worst monthly tally ever.
  • Related ETFs: PRF, VUG, VTV, SDOG, VV, SCHX, MGK, DEF, NY, SCHG, SCHV, PWV, FLAG, MGV, DOD, JKD, FEX, EQL, IWY, PWB, JKE, EZY, IWX, FTC, EEH, SPXH, JKF, SFK, TRSK, RWG, FWDD, FNDX, PXLC, ERW, PXLV, GVT, SYG, ALTL, PXLG, SYE, SYV, IELG

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