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 of rate hikes in early May.
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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 funds.
Fed following data, investors running from it
The third month of 2023 started with investors pulling another $5 billion out of EPFR-tracked US Equity Funds, extending that group’s longest outflow streak since 2Q20, as stronger-than-expected consumer spending and a resilient labor market undermined the case for an early end to the current US rate hiking cycle.
Off the wires: Frontier and emerging markets: Inflection points
The blog referenced in this piece emphasizes the importance of using historical relative performance of equity markets for developing robust allocations to regions and informing tactical asset allocation decisions.
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.
Quants Corner – Treading carefully along the frontier
MSCI developed the classification of country equity stock markets based not only on how advanced, economically, the country is, but also how easy it is for global investors to access its domestic stock market. While most people are familiar with developed and emerging markets, the top two levels, they may not know much about the third, frontier markets.
Quants Corner – Brazil economy 2020 bust or boom?
Skyscrapers are always a good indication of growth in a country. For instance, Mirante do Vale is a vast office building built in 1960 in downtown São Paulo, it used to be the tallest building in Brazil until 2014, when the Millennium Palace in Balneário Camboriú, Santa Catarina took over its place.