Wed, Dec 13, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Government bond and emerging market equity funds lose appeal ahead of ECB meeting

Thursday, September 13, 2012

amb
Mario Draghi
From Komfie Manalo, Opalesque Asia:

Investors redeemed an estimated $1bn from government bond funds across all durations as the EPFR Global-tracked Asia ex-Japan Equity Funds posted their biggest weekly outflows since late 4Q11, it was reported.

Data provider EPFR Global said that Taiwan and India equity funds recorded the highest level of redemption requests in over a year while Japan Equity funds posted outflows for the third straight week.

The redemption requests came ahead of the meetings of the European Central Bank and the U.S. Federal Reserve as investors anticipate a new round of quantitative easing in the US and responded to the latest export numbers from Asia. These showed exports to the European Union down some 15% year-on-year in July and, within the region, shipments to China off as much as 12% in the case of Japan.

"Overall, all EPFR Global-tracked Equity Funds surrendered a net $9.9bn during the week ending Sept. 5, with emerging markets equity funds accounting for $1.8bn of that total, while bond funds absorbed $3.19bn and money market funds $4.6bn," the EPFR report said and added, "Expectations that the ECB and the Federal Reserve will deliver further quantitative easing in the coming weeks helped Europe bond funds post their biggest inflow in 13 weeks, accelerated the recent outflows from U.S. Government bond funds and sustained investor appetite for riskier, more rew......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. Opalesque Exclusive: Credit Suisse Asset Management's NEXT Investors leads $6M Series A round for LUX Technology and Services[more]

    Bailey McCann, Opalesque New York: Credit Suisse Asset Management's NEXT Investors has led a $6 million Series A funding round for LUX Technology and Services, a business and technology solutions provider for the alternative assets industry. The investment will be used to fuel growth of Trans