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Stories Stories Business Analysis: As U.S. stock market zigzags, some investors pounce

Analysis: As U.S. stock market zigzags, some investors pounce

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Written by Aldine      May 06, 2014    
 
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A combination of profit-taking, concerns about growth in emerging markets and the Federal Reserve's decision to keep trimming its monthly bond-buying stimulus has sent the benchmark S&P 500 down 4 percent since the end of 2013. As a result, only one out of the 1,781 large-cap growth funds tracked by Morningstar has a positive return for the year through February 5, and that one - the tiny $10.2 million Upright Growth Fund - is up just 1.1 percent.

As U.S. Stock Market Zigzags, Some Investors Pounce

Yet those widespread losses are spurring some portfolio managers who had been fearful of the market's lofty prices to do something else they haven't done for a while: Buy stocks.

"With money leaving the bond market and into equities, a lot of that is going to go into ETFs, and WisdomTree will get a lot of those dollars," he said.

[Read Full article: Analysis: As U.S. stock market zigzags, some investors pounce]

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Location

Epicentre
New York, United States of America

Details

Author
David Randall
Contributor's Comment
Just five weeks after the Standard & Poor's 500 Index ended 2013 with a nearly 30 percent gain, fund managers are getting reacquainted with loss.
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