Investors rush to sell equity funds after Brexit vote
Brexit has already cost active managers dearly. Over the month of June, European investors pulled €19.2bn from actively managed equity funds, Lipper reported today.
Brexit has already cost active managers dearly. Over the month of June, European investors pulled €19.2bn from actively managed equity funds, Lipper reported today.
European investors hoarded cash in May. As Brexit-induced uncertainty dominated markets, they poured a net €14bn into USD money market funds, according to Lipper fund flows data.
Blackrock now manages more of European investors’ money than the next two largest asset managers combined after the US-based asset manager saw strong inflows during the first quarter of 2016, according to data provided by Lipper.
Those who believe that ‘risk-on, risk-off’ is consigned to the past look away now, with record inflows into US high-yield indicating that sentiment has shifted once again to the spicier end of the fixed income spectrum.
While commentators are quick to praise innovation within the funds space, is there a case to say that the industry is still edging towards conservatism and risk aversion?
Amid a violent market correction reminiscent of the 2008 global meltdown and unusually heightened volatility, European investors have chosen to play it safe. Money-market funds were their preferred choice in August.
Investors around the world are increasing their cash holdings as the economic slowdown in China threatens to drag the world economy down. According to data from Lipper published today, investors poured in a net $77.7bn (€70.5bn) into money market funds in July. This is more than half the total amount flowing into cash funds in…
Assets under management in the global fund market stalled at $36 trillion during the second quarter of the year, according to data company Lipper.
European investors pulled out a net 5bn from USD corporate high yield funds alone in July.
Mutual fund launches in the equity space in Europe continued to rise in the second quarter of this year, new data by Lipper indicate.
Last years buoyant equity markets have resulted in a spike of equity fund launches in Europe in the first quarter of 2014.
Bonds are, for as long as it takes, again the top-selling asset class among European investors.