Tue, Apr 24, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

ETFs and Global Equity Mutual Funds post record two month inflow

Monday, March 04, 2013
Opalesque Industry Update - TrimTabs Investment Research reported today that $55.1 billion poured into global equity mutual funds and exchange-traded funds in January and February, the biggest two-month inflow on record.

“Inflows into foreign stock funds have been so heavy this year that bulls should be concerned,” said David Santschi, Chief Executive Officer of TrimTabs. “Big inflows from fund investors often occur near market tops.”

In a note to clients, TrimTabs explained that global equity mutual funds and exchange-traded funds received an all-time record $34.4 billion in January. While inflows subsided to $20.1 billion in February, last month’s inflow was still the second-highest since October 2007.

“It’s remarkable that U.S. investors are convinced the grass is greener offshore even though global equities have been underperforming,” said Santschi. “The average U.S. equity fund is up 6.2% so far this year, more than double the average global equity fund’s 2.4% gain.”

TrimTabs reported that U.S. equity mutual funds and exchange-traded funds issued $5.9 billion in February, down from $32.0 billion in January. Bond mutual funds and exchange-traded funds issued $17.2 billion in February, down from $33.5 billion in January.

“Inflows into U.S. stocks slumped dramatically last month,” said Santschi. “But global equity funds raked in more than $1 billion daily in fresh cash, and inflows didn’t slow much as the month progressed.” TrimTabs said the previous two-month record for inflows into global equity mutual funds and ETFs was $49.1 billion in January and February of 2006 amid growing enthusiasm over investments in emerging markets and China, in particular.

Press release

bc

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 - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its