Fri, Oct 9, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

TrimTabs and Informa report managed accounts had net inflows of just $34.9bn in first quarter

Tuesday, May 29, 2012
Opalesque Industry Update - TrimTabs Investment Research and Informa Investment Solutions Plan Sponsor Network said that separately managed accounts received estimated net inflows of $34 billion in this year's first quarter, reversing outflows of $104.6 billion in the last two quarters of 2011.

"Separate accounts investing in bonds and foreign equities attracted $59 billion and $16 billion, respectively, in the quarter. In contrast, $48.5 billion flowed out of U.S. equity separate accounts in the same period." said Minyi Chen, vice president and head of TrimTabs research.

Separate accounts are managed by investment companies on behalf of pension funds, pooled funds, insurance companies, or wealthy individuals. They allow investors substantially more control over their holdings compared to investments in mutual funds, hedge funds and exchange-traded funds. Like investment funds, separate accounts cater to a broad range of investment styles, objectives and strategies.

In a research note, TrimTabs reported that first-quarter flows into separate accounts -- favoring fixed-income securities and shunning U.S. stocks -- mirror investor demand for all major investment vehicles including mutual funds, ETFs and hedge funds.

"These flow numbers suggest investors are unconvinced that the global economy will remain in recovery mode going forward," said Charles Biderman, CEO and founder of TrimTabs. "Separate account managers see limited potential for capital appreciation in stocks and they are putting a premium on current income in a low-yield environment."

Flows into separate accounts for the three quarters ending March 31 tell much the same story, according to TrimTabs. While U.S. equity accounts lost $158.1 billion, foreign equity accounts gained $28.9 billion and bond accounts gained $31.9 billion.

Press release


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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 - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  2. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  3. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  4. Hedge fund Barnegat survives September’s market selloff[more]

    Komfie Manalo, Opalesque Asia: Bob Treue’s $679 million Barnegat Fund proved resilient after another month of market letdown as the hedge fund gained 2.2% last month, bringing its year-to-date gains to 2.8%. Treue said in his monthly report to i

  5. …And Finally - Japanese men want upgrade on their virtual girlfriends[more]

    From Five years after News of the Weird mentioned it, Japan's Love Plus virtual-girlfriend app is more popular than ever, serving a growing segment of the country's lonely males -- those beyond peak marital years and resigned to artificial "relationships." Love Plus models (Rinko