Fri, Apr 18, 2014
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

Banner
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. CTAs could face new challenges in a rising rates environment[more]

    Bailey McCann, Opalesque New York: CTAs have taken a beating performance wise lately, and asset flows reports show that investors aren't sticking around to see how the movie ends. Now, a new white paper from Roy Niederhoffer and Coen Weddepohl notes that as interest rates start to tick back u

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  4. Commodities – Popular value fund manager David Iben bets on Russia, gold,[more]

    From Reuters.com: With large bets on Russia and North American gold miners, one of the best performing stock pickers in the wake of the 2008 financial crisis is back with a new fund that reflects his deep aversion to following the crowd. In the Kopernik Global All-Cap Fund, David Iben is follo

  5. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an