The second week of March was dominated by the crumbling fortunes of large US regional banks and European major Credit Suisse. Although this certainly dented investors’ risk appetite, many saw events as an opportunity – especially if major central banks dust off their playbooks from 2008-09 and 2020, opening lines of credit and secured lending facilities and cutting interest rates.
Weekly fund flows highlights – 20 March 2023
EPFR’s Steve Muzzlewhite uses our Fund Flows and Allocations data for an update on US bond funds and Japan’s equity funds.
Investment compass keeps spinning in mid-February
With the one-year anniversary of Russia’s attack on Ukraine looming, the latest US inflation data showing headline inflation down and core inflation up, the Bank of Japan weeks away from a change in leadership and Sino-US tensions rising, investors found it hard during the second week of February to sustain their earlier optimism.