Global Navigator: Risk takes a holiday | December

With major central banks responding to rising inflation, investor focus shifted during the third week of December to the Covid-19 pandemic’s latest iteration and the measures being taken to contain it. Those measures, self-imposed and mandated, promise to dent consumer and business confidence going into the New Year and weighed on flows to many EPFR-tracked fund groups.

Among the hardest hit were Alternative Funds, which posted their biggest outflow since late 1Q20 as they extended their longest redemption streak in over two years. Cryptocurrency Funds posted their first outflow since mid-August, redemptions from Global Equity Funds hit a 91-week high and nine of the 11 major Sector Fund groups saw money flow out.

Funds with socially responsible (SRI) or environmental, social and governance (ESG) mandates continue to fly above the general storm clouds. During the week ending Dec. 22, SRI/ESG Equity Funds chalked up their 153rd inflow in the 155 weeks since the beginning of 2019 and SRI/ESG Bond Funds their 150th.

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Europe equity funds latest to catch a lift

Europe equity funds latest to catch a lift

Flows into EPFR-tracked Emerging Markets Equity Funds during the third week of January climbed to their highest level since mid-1Q21 as investors positioned themselves for China’s much anticipated economic rebound and, the anti-inflation rhetoric of the Federal Reserve and European Central Bank (ECB) notwithstanding, an early end to the current interest rate cycles in the US and Europe. Investors also steered $2.5 billion – a 101-week high – into Emerging Markets Bond Funds.

Global Navigator: Emerging markets funds | Mid-January

Global Navigator: Emerging markets funds | Mid-January

Flows into EPFR-tracked Emerging Markets Equity Funds during the third week of January climbed to their highest level since mid-1Q21 as investors positioned themselves for China’s much anticipated economic rebound and, the anti-inflation rhetoric of the Federal Reserve and European Central Bank (ECB) notwithstanding, an early end to the current interest rate cycles in the US and Europe. Investors also steered $2.5 billion – a 101-week high – into Emerging Markets Bond Funds.

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