Mon, Jan 16, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Investors pile into equity funds at fastest rate since 2000

Tuesday, October 29, 2013
Opalesque Industry Update - TrimTabs Investment Research reported today that all equity mutual funds and exchange-traded funds have received a net $45.5 billion in October through Friday, October 25. This month’s inflow is the fifth-highest in any month on record.

“As Silicon Valley bestows multi-billion dollar valuations on technology outfits with neither revenue nor profits, investors are piling into equity funds at the fastest rate since the technology stock bubble popped in 2000,” said David Santschi, Chief Executive Officer of TrimTabs. “This year’s inflow of $277 billion into all equity funds is the biggest since the inflow of $324 billion in all of 2000.”

In a research note, TrimTabs explained that three of the ten largest monthly inflows into equity funds have occurred this year. The inflows of $66.3 billion in January and $55.3 billion in July were the biggest monthly inflows on record.

“All but three of the ten largest monthly inflows into equity funds occurred in 2000 or 2013,” said Santschi. “Such strong enthusiasm among fund investors should make contrarians nervous.”

TrimTabs also reported that bond funds have posted redemptions for the fifth consecutive month. Bond mutual funds and exchange-traded funds have redeemed $17.8 billion in October, lifting the total outflow in the past five months to $140.6 billion.

“These outflows mark a huge shift for the fixed-income world,” said Santschi. “Not since late 2003 have bond funds posted five monthly outflows in a row.”

TrimTabs

Press Release

BM

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. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Amplitude's Klassic CTA up 29% in 2016[more]

    Benedicte Gravrand, Opalesque Geneva: Swiss CTA manager Amplitude Capital can boast outperformance for one of its short-term trading strategies. The Klassik strategy, which trades equities, FX, fixed income and commodities, returned 29.39% in

  4. Hedge funds gain across strategies in December, outperform MSCI to close at record index level in 2016[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted gains across all strategies in December to conclude 2016, with the HFRI Fund Weighted Composite Index (FWC) rising to a record index value level as oil prices surged, equities gained and U.S. interest rates increased into year end, accordin

  5. Performance - BlackRock's robot stock-pickers post record losses, Soros-backed fund Glen Point loses in first trading year, Regal Funds Management: Bleak year as returns in key funds plunge 25pc, Elm Ridge Capital up 25% in 2016[more]

    BlackRock's robot stock-pickers post record losses From Bloomberg.com: Like so many fund titans these days, Laurence D. Fink is betting on machines to turn around BlackRock Inc.'s beleaguered stock-picking business. Trouble is, they just might have made things worse. BlackRock