(Reuters) -U.S. equity funds witnessed their first weekly outflow in six weeks in the ​week through November 26, as concerns over lofty tech ‌valuations prompted investors to take profits and overshadowed optimism about a possible Federal Reserve ‌rate cut next month. They divested a net $4.56 billion worth of U.S. equity funds in their first weekly net sales since October 15, LSEG Lipper data showed. The S&P 500 ⁠has risen more than ‌3% so far this week on expectations of a Federal Reserve rate cut next ...

Group 1 - U.S. equity funds experienced a net inflow of $4.36 billion for the week ending November 19, marking a significant increase from the previous week's inflow of approximately $965 million [1] - The third-quarter earnings for 473 S&P 500 companies rose by 16.3% year-over-year, significantly exceeding analyst expectations of a 4.9% increase, indicating a robust earnings season [2] - Large-cap funds saw a substantial increase in net purchases, attracting $6.93 billion compared to $2.38 billion the prior week, while small-cap funds attracted $404 million and mid-cap funds experienced a $2.04 billion outflow [3] Group 2 - Short-to-intermediate government and treasury funds attracted a net inflow of $1.45 billion, a decrease from the previous week's $3.01 billion [4] - General domestic taxable fixed-income funds maintained a steady inflow of $1.93 billion, consistent with the previous week's figures [4] - Money market funds faced significant outflows, with a net sales figure of $22.89 billion, continuing a trend of outflows for the second consecutive week [4]

Group 1: Money Market Funds - Total assets in money market funds (MMFs) have reached a record of $7.7 trillion, tripling over the past eight years, driven by elevated short-term interest rates and market volatility [3][4] - Major asset managers such as Fidelity, Schwab, J.P. Morgan, Vanguard, and BlackRock account for 76% of the growth in MMF assets, highlighting the dominance of a few key players in the sector [4] Group 2: Health Insurance Costs - A U.S. government report claims health insurance costs have declined by 19% over the last five years, raising doubts about the accuracy of official inflation data [5] - Contrasting analyses indicate significant premium increases for 2026, with many businesses facing increases of 9% or more, and ACA enrollees potentially seeing costs surge by over 75% due to the expiration of enhanced federal subsidies [6] Group 3: Electric Vehicle Market - Xiaomi's CEO praised Tesla's Model Y as "outstanding" after disassembling three units for study, indicating a strategic move to understand and compete with market leaders [10] - Xiaomi's YU7 electric SUV received over 289,000 orders within the first hour of sale, significantly surpassing initial orders for its SU7 model, leading to raised profit forecasts from brokers [11] - The YU7 is priced at RMB253,500, which is RMB10,000 cheaper than the Tesla Model Y, showcasing Xiaomi's aggressive strategy to capture market share in the EV sector [11]

Group 1: Alternative Investment Managers - Fitch downgraded its outlook on large alternative managers to 'deteriorating' from 'neutral' due to concerns over U.S. trade policy, but noted the sector has performed well since the revision [1] - The SEC's Investor Advisory Committee recommended expanding investor access to private market strategies through registered funds, highlighting the investor protections and liquidity these vehicles provide [2] - Private equity groups warned about potential mis-selling as the sector opens to individual investors, citing intermediaries' lack of experience in assessing products and explaining liquidity issues [3] Group 2: Market Trends and Performance - International equities have seen a revival in 2025, with the Morningstar Global Markets ex-US Index up 25% year-to-date, compared to a 13% increase in the Morningstar US Market Index [4] - The SEC extended the deadline for private investment funds to comply with enhanced disclosure rules, reflecting ongoing regulatory adjustments in the sector [5] - The ETF industry is expected to benefit from lower interest rates, with a shift of assets from money market funds into ETFs anticipated as rates decline [7] Group 3: Private Credit and Business Development Companies - Private credit secondary transaction volume has surged globally since 2023, indicating increased activity in both limited partner-led and general partner-led transactions [9] - Business Development Companies have gained popularity as a means for investors to access loans, with their assets under management significantly increasing in recent years [11] - Blackstone appointed Katie Keenan as CEO of its real estate investment trust for individuals, following the death of the previous leader [12]

Group 1 - Investors withdrew a net $43.19 billion from U.S. equity funds in the week to September 17, marking the largest weekly net sales since mid-December 2024 [1] - The S&P 500 reached a record high of 6,656.8, reflecting a 37.7% gain from a low of 4,835.04 on April 7 [2] - The S&P 500 forward price-to-earnings ratio is at 22.6x, in the 99th percentile over the past 20 years, indicating high market valuations [2] Group 2 - U.S. large-cap funds experienced a net outflow of $34.19 billion, the largest since at least 2020, while mid-cap funds saw an outflow of $1.58 billion [3] - Technology sector funds faced a significant outflow of $2.84 billion, contributing to a total sectoral funds outflow of $1.24 billion [3] - U.S. bond funds recorded a 22nd consecutive week of inflows, totaling $7.33 billion [3] Group 3 - Short-to-intermediate investment-grade funds, general domestic taxable fixed income funds, and municipal debt funds saw inflows of $1.59 billion, $1.14 billion, and $1.04 billion, respectively [4] - Money market funds experienced a significant outflow of $23.65 billion, ending a three-week trend of net purchases [4]

Investment Rating - The report indicates a positive investment sentiment towards global equity and fixed income funds, with significant inflows observed in the latest reporting period [4][10]. Core Insights - Global fund flows into equity funds saw a substantial increase, with net inflows of $45 billion for the week ending June 18, compared to outflows of $10 billion in the previous week. This surge was primarily driven by strong demand from US investors for US equity funds [4][10]. - Fixed income funds also experienced increased inflows, totaling $19 billion, attributed to heightened demand for aggregate-type, mortgage-backed, and government bond funds. In contrast, money market fund assets declined by $12 billion [4][10]. - Emerging markets showed positive trends, particularly with mainland China funds turning positive and Brazil continuing to attract robust inflows. Sector-wise, technology funds recorded the strongest net inflows, while financials faced the largest outflows [4][10]. Summary by Category Equity Flows - Total equity inflows amounted to $31.3 billion over the four-week period, with a significant weekly inflow of $45.4 billion on June 18. Developed markets, particularly the US, saw notable inflows, while Japan experienced outflows [10][12]. - Technology sector funds led the inflows, while financials and healthcare sectors faced significant outflows [10][12]. Fixed Income Flows - Total fixed income inflows reached $70.8 billion, with a weekly inflow of $19.2 billion. Aggregate-type and mortgage-backed funds were particularly favored, while long-duration bond funds saw outflows [10][12]. - Emerging market local bond funds attracted strong inflows, indicating a positive sentiment towards these assets [10][12]. FX Flows - Cross-border FX flows totaled $58.2 billion, with G10 currencies showing strong demand, particularly for the Korean won, which saw the largest net inflows in z-score terms [12][13]. - The report highlights subdued inflows for the US dollar, contrasting with robust inflows for other currencies like the euro and British pound [12][13].

Core Insights - Gabelli U.S. Treasury Money Market Fund has received two top honors from iMoneyNet, ranking 1 in the 100% U.S. Treasury Retail category and achieving the highest 12-month total return in the Government Retail category [1][2] - The Fund has $5.6 billion in assets under management, emphasizing its commitment to a low-cost, tax-efficient strategy focused on U.S. Treasury securities [1][3] - The Fund has been consistently ranked among the top in its category since its launch in 1992, managed by Co-Portfolio Managers Judith Raneri and Ronald Eaker for over 32 years [2] Fund Characteristics - The Gabelli U.S. Treasury Money Market Fund invests solely in U.S. Treasury securities, with expenses capped at 0.08% and tax-exempt dividends [3] - The Fund aims to provide a secure, liquid, and tax-efficient cash management solution for investors [3] Management Commentary - Judith Raneri highlighted that the Fund has been relied upon for safety, liquidity, and competitive yield, especially during market volatility [2] - Ron Eaker noted that the Fund's consistent performance reflects a disciplined investment strategy and a strong commitment to delivering a stable cash management solution [2]