EPFR in the news – June 2024

 

June, 28

Bloomberg – France Leads European Stocks Lower in Shaky End to First Half
Redemptions from European equity funds climbed to $2.1 billion — the highest in 14 weeks — in the week through Wednesday, according to Bank of America citing EPFR data.

 

June, 23

Bloomberg – Nvidia Sales Grow So Fast That Wall Street Can’t Keep Up
Nvidia has gained 156% this year, that rally helped drive a record $8.7 billion into tech funds last week through June 19, according to a Bank of America’s analysis of data from EPFR.

 

June, 21

Bloomberg – All Roads Lead to Nvidia as Tech Sees Record Inflows, Says BofA
About US$8.7 billion flowed into tech funds in the week through June 19, according to a note from the bank citing EPFR data.

Bloomberg – Tech Funds’ Record Cash Injection Is Traced to ‘Messy’ Rebalance
The Technology Select Sector SPDR Fund (ticker XLK) attracted more than $8 billion of fresh money during the week through Wednesday, accounting for the bulk of the inflows into the sector, according to data compiled by EPFR.

 

June, 20

Bloomberg – Berenberg Says French Turmoil Spoils Momentum for Small Caps
Flows of capital into European equity funds have been negative for the past four weeks, whereas their US counterparts saw inflows for eight straight weeks, according to Bank of America strategists, citing EPFR data.

 

June, 15

Bloomberg – The Market Is Disregarding What the Fed Is Saying About Rates
The technology sector had $2.1 billion of inflows this week, the most since March, according to data compiled by EPFR and Bank of America.

 

June, 14

Bloomberg – Traders Shun Risk as French Turmoil Rattles Globe: Markets Wrap
About $6.3 billion flowed into global stock funds in the week through June 12, with U.S. equities registering an eighth week of inflows, according to EPFR data.

Bloomberg – Global Traders Flood American Markets in Search for Safety
Over the last month, about $30 billion of fresh money has flooded into stock funds, with 94% of the allocations lavishing US assets tech shares in particular according to EPFR data compiled by TD Securities.

 

June, 12

CNBC-TV18 – India-dedicated funds still attracting inflows, says EPFR
Cameron Brandt, Director of Research at EPFR, says dedicated India equity funds have proved to be extremely resilient and are still seeing inflows even though Global Emerging Market (GEM) funds appear hesitant to invest.

The Business Times – Global money has started tiptoeing back into Indian equities
About US$1.2 billion flowed into the country’s stocks through exchange-traded funds and mutual funds in the week ended June 5 – the day Modi secured the coalition – according to the Bank of America citing EPFR data.

 

June, 11

elEconomista – Global ESG investment funds suffer outflows in the first quarter
Global equity funds with a sustainable focus suffered outflows in the first quarter of 2024, according to EPFR data.

 

June, 7

Bloomberg – BofA’s Hartnett Says Fed Cut Could Signal Trouble for Economy
Investors continue to pour money into stocks, with US equity funds getting $4.6 billion in the seventh week of inflows, according to the Bank of America note citing EPFR data.

La República – Dollar ended the day higher after US jobs data
As bets mount on rate cuts, investors are pouring money into stocks, with US equity funds raising $4.6 billion in a seventh week of inflows, Bank of America said, citing data from EPFR.

Bloomberg Linea – A Fed rate cut could be a sign of trouble for the economy: BofA’s Hartnett
For the time being, investors are still pouring money into stocks, with US equity funds receiving $4.6 billion in the seventh week of inflows, according to the Bank of America citing EPFR data.

 

June, 5

The Financial Times – Investors pull cash from ESG funds as performance lags
Amid the backlash, US investors pulled $4.4bn from ESG equity funds in April, according to the Barclays research, which is based on data from fund tracker EPFR.

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