Tiptoeing into the Christmas holidays

The toll on predictability taken by the idiosyncratic policymaking style of the new US administration hit fund flows during the second week of March. EPFR-tracked Equity Funds recorded their third, and biggest, outflow year-to-date and flows bypassed most of the fund groups associated with higher risk-reward ratios.

The toll on predictability taken by the idiosyncratic policymaking style of the new US administration hit fund flows during the second week of March. EPFR-tracked Equity Funds recorded their third, and biggest, outflow year-to-date and flows bypassed most of the fund groups associated with higher risk-reward ratios.

Five weeks into President Donald Trump’s first term, flows to EPFR-tracked Europe Equity Funds were coming out of a long slump, investors were rediscovering the charms of diversified exposure, Alternative Funds were posting their fourth straight inflow and a combined $52 billion had flowed into US Equity and Bond Funds. Eight years later, the final week of February saw Europe Equity Funds extend their longest inflow streak since mid-2Q24, Global Equity and Bond Funds both pull in over $1.5 billion, Alternative Funds post their fifth consecutive inflow and combined flows into US Equity and Bond Funds since Inauguration Day hit $130 billion.