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.
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.
Sector Rotation: New groups for new times
Flows and allocations to different sectors and sector-related fund groups over the past 14 months have been marked by conviction, record inflows – and sharp changes of direction. Learn how EPFR Data captures some significant thematic shifts, in our Sector rotation series.
Exploring hedge fund short positioning in European sectors before the market sell-off using Caretta data
Since the COVID-19 pandemic started accelerating in Italy in late February, European markets have tumbled. Almost all European stocks are in negative territory year-to-date irrespective of sector, industry, or country of origin. In terms of scale, the quarterly drop is the highest in 33 years, and the intensity of it is unusually high – more than 35% of the total market capitalization has been lost in only three weeks.