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.
The collapse of several US regional banks and the UBS-Credit Suisse merger in March spurred investors to look for alternative homes for their money. For many the answer was Money Market Funds. Utilizing EPFR Fund Flows and Allocations data, we analyze which mandates and regions have benefited the most in recent weeks.
EPFR data reveals outflows from equity, multi-asset and alternative funds, and inflows to bond funds and money market flows during the last week of March 2023.
In the face of this uncertainty, and the unwillingness of major Western central banks to suspend the battle against inflation, investors continued to cut risk, increase their exposure to China’s rebound story and steer cash into liquidity funds.
The second week of March was dominated by the crumbling fortunes of large US regional banks and European major Credit Suisse. Although this certainly dented investors’ risk appetite, many saw events as an opportunity – especially if major central banks dust off their playbooks from 2008-09 and 2020, opening lines of credit and secured lending facilities and cutting interest rates.
EPFR’s Steve Muzzlewhite uses our Fund Flows and Allocations data for an update on US bond funds and Japan’s equity funds.
We use EPFR Fund Flows data to analyze investor sentiment following Silicon Valley Bank’s collapse (SVB), and Federal Reserve Jerome Powell’s speech to Congress.
EPFR’s Global Head of Customer Solutions, Steve Muzzlewhite, discusses the latest market trends we’re seeing using our fund flows and allocations data.
Post pandemic, the US and Europe have seen prices soar and policymakers have been scrambling to slow the pace of inflation. Europe and the US took different approaches to keeping their economies stimulated during the pandemic, and this article from The Economist discusses how this may affect how each of these economies may bounce back.
A final look to EPFR-tracked equity funds in December 2022, with alternative, balanced, bond and money market funds experiencing significant redemptions as investors grapple with a highly uncertain outlook for the first half of next year.