|
Laxman Pai, Opalesque Asia: Net institutional flows totaled -$234.4bn in the fourth quarter pushing full year 2018 redemptions past the half tn mark to -$517.5bn, said eVestment.
Long-only asset managers reported Q4 2018 institutional assets under management of $23.81tn, according to the just-released eVestment Q4 2018 Traditional Asset Flows Report.
Fixed income investment managers, excluding cash management strategies, reported net institutional outflows of -$141.1bn during the most recent quarter and were roughly flat on the year, +$10.5bn.
Institutional investors did not discriminate between active and passive fixed income during the quarter, pulling assets from both categories.
On a geographic basis, only Japan (+$1.4bn) and Asia-Pacific (+$0.5bn) fixed income strategies managed to draw in net new allocations during the quarter.
"We note that within Asia-Pacific fixed income, hard currency strategies drew the largest allocations as was the case in the EM debt complex (+$4.4bn for EM hard currency versus outflows for EM local and blended currency)," said eVestment.
Elsewhere, U.S., Europe and EAFE fixed income strategies, all of which reported substantial and consistent net inflows over the first three quarters of 2018, all saw net redemptions to end the year.
Mixed results on strategy basis
Results on a strategy basis were mixed, eVestment pointed out. Active U.S. long duration credit and global credit managers were...................... To view our full article Click here
|
RSS
