Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

12287

Appetite for yield stands out in early second quarter

RELATED TOPICS​

A potentially toxic mixture of North Korean threats, unorthodox policymaking in Japan and Eastern Europe and poor employment data on both sides of the Atlantic ushered in the second quarter, but investors and markets proved resilient.

 
Flows into EPFR Global-tracked funds during the week ending April 3 had few conspicuous highs or lows, but investors showed some willingness to take on more risk in pursuit of yield. Emerging markets, high yield and floating rate bond funds all took in over USD850m for the week while Europe bond and emerging markets equity funds saw their modest outflow streaks end.
 
Overall, bond funds took in a net USD4.89bn for the week – an 11 week high – as they outgained equity funds for the third straight week, something they last achieved in October.
 
Of the net USD1.9bn absorbed by equity funds over half went to funds with a dividend focus.
 
Money market funds recorded net redemptions of USD11.3bn, the fifth consecutive week investors have pulled cash out of this low-yielding fund group. 
 
At the country level investors in Latin America continued their rotation from Brazil to Mexico, Japan equity funds posted another week of strong inflows and local investors pumped money into Korea equity funds.
 
Real estate and healthcare/biotechnology sector funds retained their positions as the favoured groups among EPFR global-tracked sector funds going into April, with the latest commitments allowing healthcare funds to leapfrog financial sector funds into second place on the YTD inflow list behind the real estate funds.

Latest News

The trading and investment platform eToro has extended its proxy voting feature to all stocks..
C8 Technologies, the London-based fintech founded by former BlueCrest Capital Management partners Mattias Eriksson and..
DWS has announced the latest development in its strategic growth push in Alternative Credit with..

Related Articles

Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Pension funds
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are coming together to instigate a new industry coalition...
Four potential operators of pensions dashboards (Just Group, Legal & General, Moneyhub and Standard Life, part of Phoenix Group) are..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by