Insights
Proprietary market data and analysis
Quant Insights
Off the wires: Bitcoin is one year away from a major technical event. History suggests the start of another bull run
Bitcoin’s next “halving” is expected to take place in 2024. These events take place when Bitcoin miners have added 210,000 “blocks” to the...
Off the wires: US inflation falls to lowest level since May 2021
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...
When ETF flows confound expectations
From time to time, EPFR’s clients alert us to anomalous flows into exchange traded funds (ETFs) that occur on a specific day and for a specific...
Economist Insights
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,...
Investors take a two C approach in late April
China and cash were by far and away the most popular asset classes during the fourth week of April as investors and markets braced for another round...
Chinese economy lays down a marker
With mud season keeping the conflict in Ukraine deadlocked and the next round of major central bank meetings still a fortnight away, investors...
Multimedia
Weekly fund flows highlights – 8th May 2023
How did markets react to the interest rate hikes from both the US Federal Reserve and the European Central Bank? In a week where nonfarm payrolls in...
Weekly fund flows highlights – 1st May 2023
Market news this week are dominated by rumors of another possible interest rate rise from both the US Federal Reserve and the European Central Bank,...
Weekly fund flows highlights – 24th April 2023
Latest EPFR fund flow data reports outflows for equity funds and money market funds, and inflows towards bond funds, and China and India equity...
Papers
EPFR Papers: Estimating asymmetric price impact
This paper studies the asymmetric price impacts mutual fund and ETF flows have on individual stocks in demand-based asset pricing.
A rising tide lifts some (Japanese) boats: The Bank of Japan’s ETF purchases and their impact on market signals for individual stocks
The Bank of Japan has been the pace-setter among central banks when it comes to purchasing non-government financial securities. It was the first...
Oil bonds still have fuel in the tank – but how long will it last?
Fixed income markets are abuzz about the spectacular demand for new green bonds. Flows into fixed income funds with socially responsible investing...