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10 Apr 2015
Fund flow: EM Fixed income funds see an inflow after 3 weeks – RBS
FXStreet (Barcelona) - The Team at RBS shares the data for inflows into Fixed Income and equitiy funds across Emerging and Developed Markets.
Key Quotes
“DM FI funds have been attracting steady inflows since the start of the year with the latest weekly print at +0.21% of AUM and a YTD cumulative of +3.49%.”
“EM FI funds recorded an inflow of +0.15% of AUM. The asset class saw a positive turnaround in the last three weeks following two preceding weeks of considerable outflows (cumulatively -0.41% of AUM).”
“In our view this improvement is primarily reflecting the effects of lower US yields following the more-dovish-than-expected Fed comments in March. In the latest week, hard currency funds recorded inflows of +0.22% of AUM, while local currency flows were finally out of the negative territory at +0.14%.”
“In contrast, EM Equities stayed in the red, recording outflows for the fifth week running with the latest print at -0.10% of AUM and a cumulative of -0.87%.”
“DM Equity funds attracted weakly positive flows (+0.02% of AUM) in the latest week vs -0.13% outflows a week earlier. This improvement was driven by increasing inflows into DM Europe and smaller outflows from North America.”
Key Quotes
“DM FI funds have been attracting steady inflows since the start of the year with the latest weekly print at +0.21% of AUM and a YTD cumulative of +3.49%.”
“EM FI funds recorded an inflow of +0.15% of AUM. The asset class saw a positive turnaround in the last three weeks following two preceding weeks of considerable outflows (cumulatively -0.41% of AUM).”
“In our view this improvement is primarily reflecting the effects of lower US yields following the more-dovish-than-expected Fed comments in March. In the latest week, hard currency funds recorded inflows of +0.22% of AUM, while local currency flows were finally out of the negative territory at +0.14%.”
“In contrast, EM Equities stayed in the red, recording outflows for the fifth week running with the latest print at -0.10% of AUM and a cumulative of -0.87%.”
“DM Equity funds attracted weakly positive flows (+0.02% of AUM) in the latest week vs -0.13% outflows a week earlier. This improvement was driven by increasing inflows into DM Europe and smaller outflows from North America.”