Sat, Aug 20, 2022
A A A
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

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. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  2. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  3. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: https://bit.ly/DXCInfo Castle Hall, the Du

  4. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  5. Opalesque Exclusive: This European mezzanine debt strategy offers equity-like returns with downside protection[more]

    B. G., Opalesque Geneva for New Managers: Mezzanine financier SIG-i operates in a relatively uncrowded space by proactively manufacturing financing solutions as an alternative to traditional debt and equity instrume