Mon, Sep 22, 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

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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali