Tue, Feb 9, 2016
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. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  2. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  3. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  4. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  5. HFRU Hedge Fund Composite Index down -2.58% in January[more]

    Global financial markets posted sharp losses in January led by declines in Oil and global equities, though steep intra-month losses in both were narrowed by strong gains in final trading days of the month. Global equities posted steep declines for the month led by Biotechnology, Energy, Financial, E