US Fund Flows

Despite the looming decision by the Federal Reserve Board to raise interest rates for the first time this year, investors pushed the broad-based indices to new highs in four of the five trading days during the flows week ended Wednesday, December 14, 2016. Markets continued their post-election ascent, with one minor setback, as the Federal Open Market Committee raised its prime lending rate 25 basis points as expected and forecasted three more hikes in 2017, compared to the two that had been anticipated at its September meeting.