EPFR in the news – January 2024

 

January, 29

Reuters – HEDGE FLOW Hedge funds lap up China stocks at fastest pace in 5 years
Investors poured almost $12 billion into Chinese equity funds in the week to Wednesday in the largest inflow since 2015 and the second-largest ever, Goldman Sachs and Bank of America, said in separate notes, citing EPFR data.

 

January, 28

The Financial Times – Sales of climate-focused mutual funds fall 75% in two years
Inflows to US money market funds hit a record of nearly $1.19tn in the first 11 months of last year, according to EPFR data.

 

January, 27

MarketWatch – Stock investors pile into China equity funds in ‘world’s most enticing contrarian’ long trade
Cameron Brandt, director of research at EPFR, confirmed in an email to MarketWatch on Friday that funds targeting stocks in China attracted about $12 billion of inflows during the week ending Jan. 24. He said they “went almost exclusively to ETFs.”

 

January, 26

Reuters – China equity funds draw largest weekly inflows since 2015 -BofA
Elsewhere, equity funds recorded investments of $17.6 billion, and bond flows of $14.2 billion in the week to Wednesday, BofA said, citing data from fund flows and asset allocation data provider EPFR.

Investing.com – China is ‘the biggest contrarian long trade on planet’ – BofA
Emerging market (EM) equities experienced a historic influx of $12.1 billion in the week ending January 24, as reported by Bank of America referencing EPFR data.

Bloomberg – BofA Says China Leads Historic Flows Into Emerging-Market Stocks
A total $11.9 billion was allocated to Chinese shares in the week through Jan. 24, the second-highest weekly tally ever, a team led by Michael Hartnett said, citing EPFR data. That accounted for almost all of the record $12.1 billion of funds that rushed into emerging-market equities.

Bloomberg – China Stocks’ Lost Decade Means an Uphill Battle to Regain Trust
An influx of global money has supported Chinese stocks’ rebound this week. A total $11.9 billion was allocated to Chinese stocks in the week through Jan. 24, the second-highest weekly tally ever, Bank of America Corp. strategists said in a note, citing EPFR data.

NASDAQ – Markets Today: Stocks Mixed on a Bleak Earnings Forecast from Intel
Money poured into Chinese stocks over the past week as Bank of America reported that a total of $11.9 billion was allocated to Chinese stocks in the week through January 24, the second-highest weekly total ever, citing EPFR data.

 

January, 25

Reuters – Record-high US stocks grow more expensive versus global peers
International equity funds notched $73.6 billion in net inflows in 2023, while U.S. equity funds had $52.1 billion in net outflows, EPFR data showed, although both flows represent roughly 1% or less of overall assets for each category.

NASDAQ – ANALYSIS-Record-high US stocks grow more expensive versus global peers
International equity funds notched $73.6 billion in net inflows in 2023, while U.S. equity funds had $52.1 billion in net outflows, EPFR data showed, although both flows represent roughly 1% or less of overall assets for each category.

 

January, 24

CNBC-TV18 – Why EPFR’s Cameron Brandt isn’t worrying about tighter SEBI rules for FPIs
EPFR Director of Research, Cameron Brandt, recently appeared on CBNC-TV18 and discussed what EPFR’s Fund Flows and Allocations data reveals about the recent selloff in Indian equities by foreign investment, attributed to new regulatory disclosure norms.

The Wall Street Journal – Tech’s ‘Magnificent Seven’ Stocks Are Back on Top
Investors are chasing the strong returns. They poured about $4 billion into tech funds over the two weeks that ended Jan. 17, the largest two-week inflow since August, Bank of America strategists said in a recent note, citing data from EPFR.

 

January, 19

Bloomberg – BofA’s Hartnett Says Growth, AI Stocks Are Favorites Again
While US stocks saw redemptions at $4.3 billion in the week through January 17, technology stock funds saw the biggest two-week inflow since August at $4 billion, the strategists said, citing EPFR data.

Bloomberg – Stocks Reach Record on Fed Bets Loaded With Risk
Tech equity funds saw the biggest two-week inflow since August at $4 billion, according to Bank of America Corp., citing EPFR data.

NASDAQ – Investors jump on bonds and Japanese stocks, dump Chinese stocks – BofA
Investors bought bonds, Japanese stocks and tech stocks in the week to Wednesday, while selling most other asset classes, Bank of America said in a report, citing EPFR data.

 

January, 18

Bloomberg – Global Passive Funds Put Added Strain on China’s Stock Rout
US and EU-based active funds have now sold $560 million of Chinese and Hong Kong equities this month, according to Morgan Stanley citing EPFR data.

 

January, 12

MarketWatch – What history says about first-of-a-kind ETFs as bitcoin products debut
According to EPFR Director of research, Cameron Brandt, BITO, which primarily invests in bitcoin futures contracts instead of the cryptocurrency itself, gathered over $2 billion in its first two years of existence.

Bloomberg – Risk-On Markets Ignoring Inflation Red Flag, BofA Strategists Say
According to the BofA note, citing EPFR , equities have been mixed this month after a strong fourth quarter rally as traders assess the path.

 

January, 7

BNN Bloomberg – Bond Sales Hit Record Pace as Emerging Markets See Year of Risks
Global Emerging Market debt funds have attracted $494 million in net inflows in the past two weeks, seeing money come in after more than five straight months of outflows, Bank of America said, citing EPFR data.

 

January, 5

Reuters – Investors kick off 2024 with $123 billion record cash shift: BofA
Citing EPFR data, Bank of America said investors bought $10.6 billion of bonds and $7.6 billion of stocks, but they shed $0.8 billion of gold.

Bloomberg – BofA Says Investors Rushing to Cash at Record Pace in First Week
Investors poured $123 billion into cash funds in the week through January 3, according to Bank of America. While inflows to money markets are typical at the start of each year, the sum was the largest ever for the first week, strategists led by Michael Hartnett wrote in a note, citing EPFR data.

 

January, 3

BNN Bloomberg – M&A Pick-up to Drive More UK Stock Market Exits, Peel Hunt Says
Since the 2016 Brexit vote, a total of $100 billion has fled UK stock funds, Barclays Plc estimated at the end of last year, citing EPFR data.

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