US fund investors move out Chinese stocks - Lipper

Omkar Godbole FXStreet Contributor

The US-based funds investing primarily in Chinese stocks recorded $31 million in withdrawals during the seven days to Feb. 13 - their first week of withdrawals of the year - Lipper data showed.

Fund investors also boosted their investments in money market funds, while pulling money out of precious metals funds.

Key points (Source: Lipper, Reuters)

US fund investors added another $18.7 billion to money market funds during the week ended Feb. 13.

Precious metals commodities funds recorded $414 million in withdrawals during the week, the most cash pulled from those funds since September.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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