Two weeks into the year of the Ox, China funds see flows spike

The first four days of December served up $100,000 Bitcoin, the collapse of the French government, a new twist to the conflict in the Middle East and South Korea’s flirtation with martial law. With the holiday season on the horizon and 2024 winding down, investors responded to these events by rotating from conventional assets classes to unconventional ones and cash.

US President-elect Donald Trump has made it clear he has little truck with the logic of climate change. But investors expect Trump’s presidency will make the global investment climate markedly less stable in the coming years. They are also taking him at his word that ‘America first’ will underpin his administration’s economic policymaking and acting accordingly.

Having steered over $200 billion into US Equity, Money Market and Bond Funds over a two-week period, investors took stock during the third week of November and revisited some of the themes – good and bad – that drove markets before the US presidential election earlier this month.