UK funds see record $1.6 billion outflows June-August on no-deal Brexit fears: Calastone

LONDON (Reuters) – UK-focused equity funds saw record outflows of 1.2 billion pounds ($ 1.58 billion) over the past three months as investors worry about a no-deal Brexit and the impact of the coronavirus pandemic, data from fund network Calastone showed on Tuesday. The United Kingdom left the EU on Jan 31 but is trying […]

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China’s FX Reserves Rose for Third Month as Outflows Stay Muted

© Reuters. China’s FX Reserves Rose for Third Month as Outflows Stay Muted (Bloomberg) — China’s foreign-currency holdings rose last month, signaling that capital outflow pressures remain muted. Reserves climbed to $ 3.112 trillion from $ 3.102 trillion in the previous month, the People’s Bank of China said on Tuesday. Key Insights The reading is […]

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