According to CNN, annual inflation dropped in March 2023 for the ninth consecutive month, and grocery prices fell month-on-month for the first time since September 2020. While the CPI has cooled off – at least temporarily – investors are not treating the news as a green light for the road back to riskier asset classes. With fear far from banished, cash remains king.
With mud season keeping the conflict in Ukraine deadlocked and the next round of major central bank meetings still a fortnight away, investors turned their attention to taxes, corporate earnings and China’s economy during the third week of April.
Kirsten Longbottom, Research Associate at EPFR, is in charge of delivering our fund flows highlights this week. Using our Fund Flows and Allocations data and insights, we put our focus on equity flows and sector allocations.
