ASHR

Mutual fund investors were net sellers of fund assets for the third month in a row, withdrawing $63.7 billion from the conventional funds business for August.For the third month in a row, fixed income funds (+$70.5 billion for August) witnessed net inflows, while money market funds (-$54.3 billion) suffered net outflows.Investors were net redeemers of stock and mixed-assets funds for the nineteenth consecutive month (-$79.8 billion).APs were net purchasers of ETFs for the twelfth month in a row, injecting $30.2 billion for August.And, for the fifth month in a row, APs were net purchasers of fixed income ETFs (+$16.4 billion), while padding the coffers of stock and mixed-assets ETFs (+$13.8 billion).

The bull case for Chinese stocks is crystallizing as the country claws its way back from the economic damage of Covid-19, says Luke Oliver of DWS Group.

It's not just the S&P 500 trying to recapture records -- South Korea, Germany, China and Japan are also marching back to highs. Two traders discuss where they're placing their bets beyond the U.S.