Investors resumed deposits into U.S. sustainable funds | 20 July 2022

20 July 2022, USD/JPY

Investors resumed deposits into U.S. sustainable funds

USDJPY trading plan:

Investors resumed deposits into U.S. sustainable funds last month, marking a return to the norm after net withdrawals in May broke a three-year streak of monthly inflows. Sustainable mutual funds and ETFs, including those using environmental, social and governance factors, notched a "modest" $528 million of net new deposits in June after shedding $3.2 billion the month prior. Most sustainable funds are equity funds, which have also experienced inconsistent flows this year amid stock market volatility. Investors pulled $61 billion overall from U.S. long-term mutual funds and ETFs last month. It was their third consecutive month of outflows, the research firm said.

Investment idea: buy 137.99 and take profit 138.60.

David Johnson
Analyst of «FreshForex» company
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