February, 25
CNBC-TV18 – China’s AI stocks are surging. Here are the names to watch
EPFR data showed that, as of mid-February, weekly inflows to China equity stocks have been above the recent average. Net inflows to China equity funds is around $45.7 billion so far this year, more than half the net inflow of $77.56 billion for all of 2023.
February, 23
CNBC-TV18 – India currently the best holistic story among emerging markets: EPFR
Cameron Brandt, Director of Research at EPFR, said India currently stands out as the best holistic story with the emerging markets (EMs) universe.
Bloomberg – Wave of Cash Seen Washing Into Credit as Investors Seek Duration
US domiciled high-grade and junk-bond funds have drawn a combined $32.4 billion so far in 2024, while their Europe-domiciled counterparts — excluding exchange-traded funds — have garnered $31.5 billion, according to EPFR data compiled by Bank of America Securities strategists.
Bloomberg – BofA Sees AI, Economic Growth as ‘Magic Sauce’ for Stock Gains
Cash and emerging market equity funds are also drawing large amounts of investor money, according to the note from Bank of America citing EPFR data.
Reuters – Investors still flock to cash as stocks hit record highs
Bank of America said in its weekly roundup of fund flows in and out of world markets citing EPFR data, that flows to cash were running at an annualized rate of $1.3 trillion in the first weeks of 2024 through to February 21.
February, 22
Bloomberg – London Risks Losing Another Major Company to New York Stock Exchange
Investors pulled a record $28.8 billion from UK equity funds last year, according to EPFR data.
Bloomberg – Five Charts Show How Every Market Is Hanging on AI Craze
European stock funds saw outflows for a seventh week, EPFR data showed last week, while US stocks got $11 billion of inflows.
Reuters – At last, FOMO puts Japan’s stocks back on global wishlist
Global ex-US stock funds are underweight Japan to the tune of 4%, according to data provider EPFR. Pacific regional funds are underweight Japan by 8% as of December 2023.
February, 19
China Securities Journal – MSCI announced the results of its quarterly review and included 4 new A-share targets
The latest data released by EPFR, shows that inflows into Chinese equity funds surged in early February. In the week ending February 9, China equity funds broke the record set in the third quarter of 2015 for weekly inflows, attracting more than $19 billion in a single week.
February, 18
Caixin – Hong Kong stocks have risen for three consecutive days in the Year of the Dragon, will the resumption of A-shares on Monday get off to a good start?
Investment bank Goldman Sachs quoted EPFR’s fund flow data to publish a research report pointing out that Chinese equity funds continued to flow $3 billion in the two days before the Spring Festival after recording a record inflow of $19 billion in the previous week.
February, 16
Bloomberg – Money Keeps Flowing to Credit Funds Despite Jitters Over Rates
Investors added $10.3 billion to global investment-grade bond funds in the week through February 14, a 16th straight week of inflows, citing EPFR data compiled by Bank of America Securities strategists.
Bloomberg – BofA’s Hartnett Says US Tech in a Bubble That’s Waiting to Pop
About $2.3 billion was added to funds focused on tech stocks, Hartnett said, citing EPFR data in the week through February 14.
Reuters – Biggest outflow from cash in eight weeks, investors buy stocks, bonds – BofA
There were inflows of $16.1 billion to stocks, and $11.6 billion to bonds, compared to outflows of $18.4 billion from cash, the most in eight weeks, Bank of America said in its weekly roundup of fund flows in and out of world markets, using EPFR data.
February, 15
Bloomberg Linea – Credit Markets Resist Even Higher U.S. Inflation
Money flowing into funds focusing on high-rated US bonds “strengthened considerably” to about $6 billion in the week ended February 7, Bank of America Securities strategists wrote in a note, citing EPFR data.
February, 13
Financial Times – China’s ‘national team’ propels EM ETF flows to new record
EPFR reported on Friday that flows to EM equity funds hit a record weekly high in dollars at the start of February — also hitting the highest level as a percentage of assets under management since the global financial crisis of 2008.
Bloomberg – TUI Exit Set to Further Dent UK’s Appeal as a Global Host
What’s more, a total of $100 billion has fled UK stock funds since the 2016 Brexit vote, Barclays Plc estimates, citing EPFR data.
February, 12
Bloomberg – Hedge Fund Verde Builds Small China Bet After ‘Horrendous’ Rout
Chinese stocks just recorded their biggest weekly inflow on record, partly driven by state-backed investors, citing Bank of America and EPFR data.
The Business Times – Australia’s top bank CBA lures funds exiting China despite profit outlook
Actively managed funds increased their allocations to CBA towards the end of 2023, according to data from fund flow tracker EPFR, the only Australian bank to see growth during that period.
Bloomberg – Scrap Stamp Duty on UK Shares to Boost Market, Peel Hunt Urges
Chancellor of the Exchequer Jeremy Hunt is under pressure to help boost the bourse’s fortunes, after investors pulled a record $28.8 billion from UK equity funds last year, according to EPFR data.
Reuters – Australia’s top bank CBA lures funds exiting China despite profit outlook
Actively managed funds increased their allocations to CBA towards the end of 2023, according to data from EPFR, the only Australian bank to see growth during that period.
February, 9
Bloomberg – BofA’s Hartnett Says Stock Rally Close to Triggering Sell Signal
About $5.6 billion flowed into global stock funds in the week ended Feb. 7, while bonds attracted $13.3 billion, according to the note citing EPFR data.
Bloomberg – BofA Says State Funds Drive Biggest-Ever China Stock Inflows
A record $19.8 billion poured into funds focused on Chinese stocks in the week through February 7, that accounted for almost all of the $20.8 billion — an all-time-high — that flooded into emerging-market equities, the strategists said, citing EPFR data.
Reuters – Investors dumped U.S. shares, bought China in week to Wednesday – BofA
Investors dumped US and real estate shares and bought Chinese stocks in the week to Wednesday, a report from Bank of America citing data from EPFR said on Friday, saying the China flows were likely driven by Chinese public funds.
February, 7
Reuters – As China battles to shore up battered markets, investors hold out for more
China saw a $6.3 billion inflow into stocks in the week to January 31, a Bank of America report citing data from EPFR said on Friday, following a nearly $12 billion inflow the previous week that was the most since 2015, as government efforts helped stabilise sentiment.
February, 6
The Business Times – Analysis-US credit issuance breaking records as healthy economy emboldens investors
Those investing in junk bonds saw inflows jump to $2.373 billion from $411 million the prior week, TD Securities said in a report, citing EPFR data.
Reuters – US stock buyback plans picking up in earnings season, EPFR says
Companies have announced an average of $6.9 billion worth of buybacks daily through the first three weeks of the fourth-quarter reporting season, according to EPFR Liquidity Offerings, which tracks buyback announcements from companies listed on U.S. exchanges. That is the highest amount at this stage in an earnings season since the $8.2 billion daily average from the first-quarter 2023 reporting period, while it is also above the $6.5 billion daily average of the past 12 periods.
February, 5
Bloomberg – Wall Street snubs China for India in a historic markets shift
Active bond funds have put 50 cents to work in India for every dollar they pulled from China since 2022, according to EPFR data.
Reuters – US credit issuance breaking records as healthy economy emboldens investors
For the week ended January 31, inflows into funds and exchange-traded funds (ETFs) investing in investment-grade bonds flipped to an outflow of $1.702 billion from an inflow of $3.298 billion in the prior week. Those investing in junk bonds saw inflows jump to $2.373 billion from $411 million the prior week, TD Securities said in a report, citing EPFR data.
February, 4
Reuters – Morning Bid: Battling between US optimism, China pessimism
Bank of America and EPFR data show cumulative inflows into Chinese stocks have hit a new record.
February, 2
Nikkei – “Buy” Japanese stock ETFs
The overall balance of Japanese stock ETFs listed overseas reached $77.7 billion, the highest since 2002 when data can be traced back through EPFR.
Reuters – Investors pile into stocks, dump US Treasuries – BofA
Investors ploughed $20.1 billion into stocks in the week to Wednesday, a report from Bank of America citing data from EPFR said on Friday, rounding off a strong month for equities driven once again by rallying tech shares.
