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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.

Global Navigator: 2022, A tale of active versus passive
Global Navigator: 2022, A tale of active versus passive

The final week of 2022 saw EPFR-tracked Bond Funds post consecutive weekly outflows for the first time since mid-October, capping a year when the overall group smashed its previous outflow record as central banks scrambled to contain inflation running at multi-decade highs.
Behind the headline number, however, was a marked shift from active to passive management.

Global Navigator: 2Q22 ending with more than a whimper
Global Navigator: 2Q22 ending with more than a whimper

Against a backdrop of market volatility, slowing economic growth in Europe and North America, gasoline prices and mortgage rates in the US firmly above $5 a gallon and 5%, respectively, continued fighting in Ukraine and ongoing Covid-related disruptions to China-based supply chains, investors pulled over $45 billion from EPFR-tracked Equity, Bond, Alternative and Balanced Funds during the third week of June.

Global Navigator: Investors as solstice approaches
Global Navigator: Investors as solstice approaches

The Northern hemisphere’s summer solstice, which occurs on June 21, marks the day when it is light for the longest period. In the week preceding that date, however, investors could be excused for thinking the solstice marks the period of maximum darkness. The US Federal Reserve’s first 75-basis points rate hike since 1994, Russia’s invasion of Ukraine moving into its 17th week, Chinese authorities scrambling to contain a ‘ferocious’ outbreak of Covid in Beijing and an emergency meeting of the European Central Bank (ECB) kept global markets firmly on the back foot during the week ending June 15.

Global Navigator: ESG funds finding the going hard in 2Q22
Global Navigator: ESG funds finding the going hard in 2Q22

EPFR-tracked Equity Funds extended their longest run of outflows since 3Q19 during the week ending May 18 as slowing global growth, tighter monetary policy in the US, war in Ukraine and widespread lockdowns in China kept investors on the defensive. Bond, Money Market, Balanced and Alternative Funds also recorded outflows going into the second half of May.