Financial Times – Yield-hungry investors push US money market assets to record $5.4tn.
Money Market Funds have so far absorbed roughly $146B in May, putting this month on track to have had the second-highest inflows since April 2020, according to EPFR data.
MarketWatch – ETF investors are following Warren Buffett and betting big on Japan. But here are key risks to consider.
EPFR’s Director of Research, Cameron Brandt, discusses how flows into Japan Equity Funds have seen more outflows than inflows this year ($3.4b of outflows in April alone) and how Japan ETFs are trending in the right direction but investors should beware of risk in Isabel Wang’s MarketWatch article.
The Wall Street Journal – Share Buybacks Continue at Torrid Pace While Investors Sit on Sidelines
EPFR analyst, Winston Chua, discusses how US stock buybacks are running at historically high rates, which is bullish for the prices of the companies offering them in Jack Pitcher’s Wall Street Journal article.
Bloomberg – A $518 Billion Rally Shows Japan Stocks Are All the Rage in 2023
According to EPFR data, Japan equity funds lured $800 million the week ending May 10th, the most in seven weeks. On the other hand, US and Europe equity funds saw outflows.
Bloomberg – Vanguard’s Trillion-Dollar Man Leads a Fixed-Income Revolution
The gap between passive and active net flows reached a record of $1.04 trillion in 2022, EPFR data reports. This is almost triple than any other year.
CNBC – Why the regional bank crisis could help fuel a shift to active ETFs
According to EPFR data, ETFs are showing strong inflows despite price decline; this could be seen as a ‘buy’ signal for investors to switch to an active fund.
Nikkei Asia – Copper loses shine for investors on China’s mixed recovery
Director of Research, Cameron Brandt, discussed China’s growth on commodities prices and whether this could act as a catalyst for global growth.