Tue, Sep 21, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Traditional fixed-income strategies see net inflows in 2Q 2019: eVestment

Friday, August 30, 2019
Opalesque Industry Update - Long-only asset managers reported Q2 2019 institutional assets under management of $28.4 trillion to eVestment, according to the 2Q 2019 eVestment Traditional Asset Flows Report.

Net institutional flows totaled -$52.4 billion in the most recent quarter and -$370.1 billion over the past four quarters, according to the report.

The quarterly eVestment Traditional Asset Flows report highlights institutional investment asset flow trends globally and regionally across equities and fixed-income strategies based on data reported to eVestment by asset managers around the world.

Fixed income managers, excluding cash management strategies, reported net institutional inflows of +$38.3 bn in Q2 2019. Active non-U.S. bond strategies accounted for the bulk of these allocations (+$35.7 bn).

On a strategy basis, global multi-sector fixed income, global core plus and EM debt blended currency managers led in terms of fresh allocations; the breadth of Europe fixed income strategies also saw significant institutional support during the quarter.

Institutional flows for U.S. bond managers measured -$7.3 bn in Q2 2019, equivalent to -0.1% of beginning-of-period AUM. The quarter brought strong inflows for active core plus (+$15.7 bn) and passive core (+$14.0 bn) strategies.

Credit-exposed strategies, on the other hand, accounted for a significant proportion of overall U.S. bond redemptions including bank loans (-$10.0 bn), high yield (-$8.1 bn) and corporates (-$5.4 bn).

Equity strategies experienced net institutional outflows of -$122.9 bn in the most recent quarter. Passive equity strategies, however, posted net allocations of +$12.9 bn led largely by ACWI ex-U.S. (+$12.0 bn), S&P 500 (+$10.5 bn) and emerging markets products (+$4.7 bn). U.S. all cap equity and Russell 1000 strategies bore the brunt of outflows from passive strategies.

Active equity strategies continued to see outflows, -$63.6 bn for active U.S. and -$72.2 bn for active non-U.S. managers in Q2 2019. Non-U.S. growth products did see some support, led by global all cap growth (+$3.3 bn), ACWI ex-U.S. all cap growth (+$2.7 bn) and global large cap growth (+$1.4 bn); core and value strategies saw outflows across the board.

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. PE/VC: Private equity GPs, LPs alike working on diversity and inclusion, Chinese regulator vows to crack down on private equity, venture capital funds, The VC playbook for portfolio companies: learning from the Covid-19 crisis[more]

    Private equity GPs, LPs alike working on diversity and inclusion From PIonline.com: Private equity general partners and limited partners are doing more to increase diversity in private markets, according to a report released Tuesday by the Institutional Limited Partners Association.

  2. PE/VC: Private equity continues to lead fund closings, Venture capital firms are fighting to throw money at cleantech[more]

    Private equity continues to lead fund closings From PIonline.com: Among private fund closings, private equity funds have led the pack starting in 2011, based on data collected by Pensions & Investments. During those years, private equity's share has ranged from 56% to 72% of the total

  3. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover

  4. New Launches: H.I.G. closes first European buyout fund at $2.4bn, Cheyne Capital raises another $1.18bn credit fund to invest in struggling European companies, Falfurrias Capital Partners raises $850m in oversubscribed fund, Alan Howard-backed 10T raises $750m for debut crypto fund, Crayhill Capital strikes $820m hard cap close for second credit-focused fundraise, Edmond de Rothschild's Eres IV eyes second close in H1 2022, Revaia closes Europe's largest female-founded VC fund, Octopus unveils UK Future Generations sustainable fund, TrueBridge Capital Partners closes seed & micro-VC fund I, at $170m, Federated Hermes launches low-carbon bond fund with Swedish partner[more]

    H.I.G. closes first European buyout fund at $2.4bn From PIonline.com: H.I.G. Capital closed its first European middle-market buyout fund, the H.I.G. Europe Middle Market LBO Fund, at €2 billion ($2.4 billion), a news release shows. The fund targets middle-market companies prim

  5. U.S.: Peter Thiel gamed Silicon Valley, Donald Trump, and democracy to make billions, tax-free[more]

    From Bloomberg: The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the 25th floor of his Manhattan tower. Trump sat dead center, per custom, and, also per custom, looked deeply satisfied with himself. He was joined by his usual coterie of lackeys