Tags:

Weekly fund flows highlights – 29th May 2023
Weekly fund flows highlights – 29th May 2023

Join EPFR’s Research Associate, Kirsten Longbottom, for the weekly Fund Flow highlights focusing on Sector Funds as May 2023 comes to a close.

From EPFR’s Fund Flow and Allocations data, here are some of the key trends we’re seeing:

Technology sector funds remains the most popular for investors
Anime, Comic and Gaming Funds continue to take on money
Telecoms Sector Funds continue extend their inflow streak
Utility Sector Funds reach 11 week high

EPFR in the news – June 2023
EPFR in the news – June 2023

Find out where EPFR’s Fund Flow and Allocation data have been cited in June 2023, including leading media such as the Times and Economic Times.

Opening the door to another leg up?
Opening the door to another leg up?

The final week of May ended with US lawmakers voting to lift the country’s debt ceiling, markets assigning a one-in-three chance that the Federal Reserve will raise interest rates in mid-June and the price of oil testing 18-month lows. Against this backdrop, flows into all EPFR-tracked Equity Funds hit a 17-week high on the back of record-setting inflows to Technology Sector Funds and China Equity Funds absorbed nearly $5 billion.

Weekly fund flows highlights – 22nd May 2023
Weekly fund flows highlights – 22nd May 2023

Our EPFR Fund Flows and Allocations data reveals money is flowing out of “Risk Assets” and into Money Market Funds and Gold Funds.

Join Steve Muzzlewhite, Global Head of Customer Solutions, for our weekly markets update. As we head towards the end of May 2023, our data shows the following:

“Risk Assets” out of favor
Latin American Equity markets win
US Bond Investors shrug off “US Debt Ceiling Crisis”

Off the wires: Investors bet on shrinking pool of tech stocks as rally narrows
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
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.

Banking on more pain ahead
Banking on more pain ahead

A recession in the second half of the year, triggered by the impact of current interest rates on the real estate sector and the banks that lend to it, is a fearful scenario for investors. This was reflected in the flows for EPFR-tracked Sector Funds during the week ending May 10, with a combined $3.8 billion redeemed from Financial, Real Estate, Energy and Commodities Sector Funds.

Monetary squeeze tightens another two notches
Monetary squeeze tightens another two notches

Investors were expecting quarter-point interest rate hikes from the US Federal Reserve and European Central Bank (ECB) in early May. They got them, along with the collapse of another American regional bank, a warning from Treasury Secretary Janet Yellen that the US may not be able to pay its bills in June if the debt ceiling standoff persists and more violent protests against pension reform in France.