net_left Phương Thức Thanh Toán
Phương Thức Thanh Toán

U.S. growth funds squeezed by rate hike worries

By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) - U.S. growth funds are experiencing massive outflows this year due to rising interest rates, with the Federal Reserve's...
U.S. growth funds squeezed by rate hike worries © Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration
let atwWrapper,atwContainerWidth,atwSliderBox,atwTotalWidth; function initATWSlider() { atwWrapper = $('.relatedInstruments'); atwSliderBox = atwWrapper.find('.slider'); atwContainerWidth = atwWrapper.width(); atwTotalWidth = atwSliderBox.width(); if(window.domainId === '2' || window.domainId === '3'){ atwWrapper.find('.sliderRight').addClass('js-slider-prev'); atwWrapper.find('.sliderLeft').addClass('js-slider-next'); } else { atwWrapper.find('.sliderRight').addClass('js-slider-next'); atwWrapper.find('.sliderLeft').addClass('js-slider-prev'); } if(atwSliderBox.find('.instrumentBox').length > 6){ atwWrapper.find('.js-slider-next').fadeIn(600); } } function atwMoveRight() { atwWrapper.find('.js-slider-prev').fadeIn(150); $(".slider > :visible:first").hide(150) $(".slider > :visible:last").next().show(150); if(!$(".slider > :visible:last").next().find('.name')()){ atwWrapper.find('.js-slider-next').fadeOut(150); return; } } function atwMoveLeft() { atwWrapper.find('.js-slider-next').fadeIn(150); $(".slider > :visible:last").hide(150); $(".slider > :visible:first").prev().show(150); if(!$(".slider > :visible:first").prev().find('.name')()){ atwWrapper.find('.js-slider-prev').fadeOut(150); return; } } initATWSlider(); //update star icon on adding/removing instrument to/from specific watchlist atwWrapper.on('click', 'label.addRow', function() { let parent = $(this).parent(); let checkedPortfolio = false; parent.find('input[type=checkbox]').each(function () { if($(this).is(':checked')){ checkedPortfolio = true; } }); let closestStar = $(this).closest('.addToPortWrapper').find('.star'); if(checkedPortfolio){ closestStar.addClass('added'); }else{ closestStar.removeClass('added'); } }); //update star icon on creating new watchlist atwWrapper.find('.js-create-watchlist-portfolio').find('a.js-create').on('click',function () { let parent = $(this).parent(); let watchlistName = parent.find('input[type=text]').val(); if(!watchlistName){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); //update star icon on adding new position atwWrapper.find('.js-create-holdings-portfolio').find('.js-submit').on('click',function () { let addPositionForm = $(this).closest('.addToPortfolioPop').find('.holdingsContent'); let amount = addPositionForm.find('.js-amount').val(); if(amount < 1){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); window.atwPairTypes = {"166":"indice","6480":"Equities"};

By Patturaja Murugaboopathy and Gaurav Dogra

(Reuters) - U.S. growth funds are experiencing massive outflows this year due to rising interest rates, with the Federal Reserve's resolve to keep hiking to tame inflation potentially spurring even more selling.

According to Morningstar data, U.S. growth funds recorded net outflows of $12.3 billion in August, taking net sales for the year to $103.3 billion.

At the same time, U.S. value funds, which invest in companies with cheaper valuations and stable growth, attracted $4.32 billion in August, the most in three months and taking total purchases this year to $49.5 billion.

GRAPHIC: Flows in US growth vs value funds https://fingfx.thomsonreuters.com/gfx/mkt/byvrjgyrave/Flows%20in%20US%20growth%20vs%20value%20funds.jpg

"Growth and value stocks typically have different profiles, with growth often doing best in periods of positive, upward trending markets, and value often providing protection in more negative or downward trending markets," said Don Klotter, Head of EFG Asset Management.

"In addition, there has been a massive compression in price-earnings (P/E) ratios, and this is a much more negative impact on growth stocks compared to value," he added.

Analysts also noted a preference for value funds given their higher exposure to the energy sector and the likelihood of stable dividends.

Among U.S. value funds, the Dodge & Cox Stock Fund;X received $2.92 billion of net inflows in August, while Pacer US Cash Cows 100 ETF drew a net $851 million.

GRAPHIC: Biggest money inflows in value funds in August https://fingfx.thomsonreuters.com/gfx/mkt/akvezbbxopr/Biggest%20money%20inflows%20in%20value%20funds%20in%20August.jpg

The T Rowe Price (NASDAQ:TROW) Blue Chip Growth Fund led growth fund outflows, at a net $971 million, while Vanguard Small-Cap Index Fund; Institutional Plus < LP40188608> witnessed net sales of $776 million.

GRAPHIC: Biggest money outflows from US growth funds in August https://fingfx.thomsonreuters.com/gfx/mkt/byvrjggemve/Biggest%20money%20outflows%20from%20US%20growth%20funds%20in%20August.jpg

The easy monetary regime of the past decade had boosted growth stocks, with lower rates polishing future cashflows and earnings.

Since the end of 2009, the S&P 500 Growth Index has risen about 324%, compared with a 155% rise in the S&P 500 Value index.

However, looking just at this year, the growth index has declined 27% to the value index's drop of 13.4%.

The price-to-earnings (P/E) ratio of the MSCI USA value index is at a 52% discount to the ratio of the MSCI USA growth index. That compares with a 10-year average discount of 34%.

GRAPHIC: YTD performance of MSCI US growth and value indexes https://fingfx.thomsonreuters.com/gfx/mkt/lgvdwdylypo/YTD%20performance%20of%20MSCI%20US%20growth%20and%20value%20indexes.jpg

"We haven't really been in an economic cycle since 2009, given the artificially low rates the Fed has used to stimulate growth in the economy," said Jim Polk, head of equity investments at Homestead Advisers.

"If we're now seeing a more typical economic cycle, where the Fed raises rates to curb inflation, often leading to a recession then, coming out of the recession, value stocks which are more economically sensitive should outperform growth."

Hot Auto Trade Bot Phương Thức Thanh Toán
BROKERS ĐƯỢC CẤP PHÉP
net_home_top Ai VIF
05-10-2022 08:39:19 (UTC+7)

EUR/USD

0.9974

-0.0009 (-0.09%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (5)

EUR/USD

0.9974

-0.0009 (-0.09%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (5)

GBP/USD

1.1442

-0.0031 (-0.27%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

USD/JPY

143.90

-0.18 (-0.13%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (0)

AUD/USD

0.6507

+0.0006 (+0.10%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (6)

USD/CAD

1.3530

+0.0019 (+0.14%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

EUR/JPY

143.52

-0.32 (-0.23%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (5)

EUR/CHF

0.9772

-0.0001 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (5)

Gold Futures

1,728.95

-1.55 (-0.09%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Silver Futures

20.975

-0.124 (-0.59%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Copper Futures

3.4995

+0.0045 (+0.13%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

Crude Oil WTI Futures

86.34

-0.18 (-0.21%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (7)

Brent Oil Futures

91.62

-0.06 (-0.07%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (2)

Natural Gas Futures

6.787

-0.034 (-0.50%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

US Coffee C Futures

217.73

+1.98 (+0.92%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Euro Stoxx 50

3,484.48

+142.31 (+4.26%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

S&P 500

3,790.93

+112.50 (+3.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

DAX

12,670.48

+461.00 (+3.78%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,086.46

+177.70 (+2.57%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (2)

Hang Seng

17,703.00

+623.49 (+3.65%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

US Small Cap 2000

1,775.77

+66.90 (+3.91%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

IBEX 35

7,696.60

+234.60 (+3.14%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (3)

BASF SE NA O.N.

42.300

+1.360 (+3.32%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Bayer AG NA

48.65

+0.69 (+1.44%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Allianz SE VNA O.N.

167.20

+5.66 (+3.50%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Adidas AG

126.20

+7.20 (+6.05%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (0)

Deutsche Lufthansa AG

5.978

+0.262 (+4.58%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (3)

Sell (5)

Siemens AG Class N

106.32

+5.40 (+5.35%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (6)

Deutsche Bank AG

8.070

+0.440 (+5.77%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

    EUR/USD 0.9974 ↑ Sell  
    GBP/USD 1.1442 ↑ Sell  
    USD/JPY 143.90 ↑ Buy  
    AUD/USD 0.6507 ↑ Sell  
    USD/CAD 1.3530 ↑ Buy  
    EUR/JPY 143.52 Sell  
    EUR/CHF 0.9772 ↑ Sell  
    Gold 1,728.95 ↑ Sell  
    Silver 20.975 ↑ Sell  
    Copper 3.4995 ↑ Sell  
    Crude Oil WTI 86.34 ↑ Sell  
    Brent Oil 91.62 Neutral  
    Natural Gas 6.787 ↑ Sell  
    US Coffee C 217.73 ↑ Sell  
    Euro Stoxx 50 3,484.48 ↑ Buy  
    S&P 500 3,790.93 ↑ Buy  
    DAX 12,670.48 ↑ Buy  
    FTSE 100 7,086.46 ↑ Buy  
    Hang Seng 17,703.00 ↑ Buy  
    Small Cap 2000 1,775.77 ↑ Buy  
    IBEX 35 7,696.60 ↑ Buy  
    BASF 42.300 ↑ Buy  
    Bayer 48.65 ↑ Buy  
    Allianz 167.20 ↑ Buy  
    Adidas 126.20 ↑ Buy  
    Lufthansa 5.978 Sell  
    Siemens AG 106.32 Neutral  
    Deutsche Bank AG 8.070 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,560/ 6,640
(10/ 10) # 1,659
SJC HCM6,545/ 6,645
(5/ 5) # 1,664
SJC Hanoi6,545/ 6,647
(5/ 5) # 1,666
SJC Danang6,545/ 6,647
(5/ 5) # 1,666
SJC Nhatrang6,545/ 6,647
(5/ 5) # 1,666
SJC Cantho6,545/ 6,647
(5/ 5) # 1,666
Cập nhật 05-10-2022 08:39:21
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,721.84 +20.87 1.23%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-V22.12022.560
RON 95-III21.44021.860
E5 RON 92-II20.73021.140
DO 0.05S22.20022.640
DO 0,001S-V24.18024.660
Dầu hỏa 2-K21.68022.110
ↂ Giá dầu thô thế giới
WTI $85.66 +0.23 0.26%
Brent $91.01 +0.21 0.23%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.720,0024.030,00
EUR22.864,8324.144,42
GBP26.379,6327.503,66
JPY160,63170,05
KRW14,4117,55
Cập nhật lúc 07:28:28 05/10/2022
Xem bảng tỷ giá hối đoái
Phương Thức Thanh Toán