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 America reported a job increase way above the initial expectations, we use EPFR’s Fund Flows and Allocations data to deep dive into the latest investor sentiment trends.
EPFR fund flow data is trusted by leading media across the globe. Check out our May 2023 citations, featuring Nikkei Asia, Bloomberg and CNBC.
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, as well as the latest US job market update. How is money moving in the meantime? EPFR’s Global Head of Customer Solutions, Steve Muzzlewhite, takes a look at our latest fund flow data.
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 blockchain leger and are marked by a halving of the Bitcoins that miners get for adding each block. Given the implications for future supplies of Bitcoin, these ‘halvings’ usually push Bitcoin’s price significantly higher, both in the run up to the event and for several months afterwards. This time around seems – so far – to be conforming to the pattern: Bitcoin’s price has risen steadily in recent weeks.
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.
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 fund. Given our awareness of these types of flows, and the granularity of our databases, EPFR’s quant team decided it was high time they dove into our ETF database and conducted a systematic analysis of these events.
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.
The second week of April offered investors two data points, the latest US jobs report and the inflation numbers for Match, that they hoped would make the case for a pause in the Federal Reserve’s tightening cycle. Although headline inflation in March came in at a one-year low and the number of new non-farm jobs created was the least in over two years, investors were left hoping that the Fed will focus on the trends rather than the actual, positive numbers.
Join EPFR’s Steve Muzzlewhite for his weekly investor sentiment update. This week, we cover equity fund flows, bond flows and money market fund flows.
In late November 2022, OpenAI launched ChatGPT – an AI driven chatbot that can answer complex questions and handle almost any topic. A couple of months later, Microsoft (who is the primary investor) added a similar function to its Office suite. As more and more companies delve into the artificial intelligence world, we take a look at AI funds using our EPFR Stock Barometer tool: is AI going to be the next bubble for investors?