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Freddie Mac posts profit, says no capital injection needed

For the first time in two years, Freddie Mac reported a quarterly profit as an accounting change and gains from hedges helped the mortgage giant offset credit losses. Although the firm continues to relay on government support, Freddie Mac executives said it will not need another capital injection from the U.S. Treasury. “Our outlook remains cautious due to rising foreclosures, growing unemployment, tight lending standards and buyers’ reluctance to re-enter the market,” said John Koskinen, interim CEO of Freddie Mac

Investor appetite increases for equity funds worldwide

Investors are continuing to pull money from money-market funds and pouring it back into equity funds, according to data from EPFR Global. The firm said investor appetite increased for exposure to developed markets rather than emerging markets, according to inflows for the week that ended Wednesday. About $8 billion of the $9.56 billion in equity-fund inflows went to those that invest in developed markets.