In this blog, EPFR’s Kirsten Longbottom and Steven Xinlei Shen expand on a recent WSJ article, Muni Junk Bond King John Miller to Retire.
Off the wires: Investors bet on shrinking pool of tech stocks as rally narrows
Year-to-date the American S&P 500 index has rallied by over 7.5%. However, with a large proportion of these gains driven by just seven technology names, just how sustainable this trend has become is a hot topic among investors. This effect has been exacerbated in recent weeks as the 1Q23 earnings season results proved more fruitful for tech companies relative to other US sectors.
Weekly fund flows highlights – 15th May 2023
Following interest rate increases from both the US Federal Reserve and the European Central Bank, disparity has taken over investors. Our Head of Global Customer Solutions, Steve Muzzlewhite, uses our fund flows and asset allocations data to analyze the latest sector rotation and portfolio management strategies, and how these are impacting global markets.
Investors take a two C approach in late April
China and cash were by far and away the most popular asset classes during the fourth week of April as investors and markets braced for another round of rate hikes in early May.
Fed following data, investors running from it
The third month of 2023 started with investors pulling another $5 billion out of EPFR-tracked US Equity Funds, extending that group’s longest outflow streak since 2Q20, as stronger-than-expected consumer spending and a resilient labor market undermined the case for an early end to the current US rate hiking cycle.
Weekly fund flows highlights – 6 March 2023
EPFR’s Steve Muzzlewhite analyses the latest market, fund flows and investor sentiment trends. In this week’s video, we take a closer look at South Africa.
For bond fund flows, green is gold
EPFR’s Vik Srimurthy uses our fund flows data to analyse the evolution of SRI/ESG funds (also called “green bonds”), and their market behavior since 2018.
Off the wires: Could Europe end up with a worse inflation problem than America
Post pandemic, the US and Europe have seen prices soar and policymakers have been scrambling to slow the pace of inflation. Europe and the US took different approaches to keeping their economies stimulated during the pandemic, and this article from The Economist discusses how this may affect how each of these economies may bounce back.
Off the wires: Frontier and emerging markets: Inflection points
The blog referenced in this piece emphasizes the importance of using historical relative performance of equity markets for developing robust allocations to regions and informing tactical asset allocation decisions.
Off the wires: India raises $1bn from maiden green bond sale
India sold its first sovereign “green” bonds on Wednesday, a debut that was well-received by the market. In this short Off the Wire piece, we will look at investor sentiment towards Developed Markets (DM) and Emerging Markets (EM) Equity and Bond Funds with SRI/ESG mandates.