Norwegian fund buyers have been aggressively shifting their preferences for large and small caps over the past year. While European small caps are much less in favour now, their EM equivalents are more popular than ever.
Fund buyers attending yesterday’s Expert Investor Denmark conference in Copenhagen love European small cap stocks.
Belgian fund selectors are moving from small caps to large caps within European equities.
Money flows to developed equity funds are now at the lowest level since June 2013, according to the latest EIE fund flows data.
Fund buyers in most European countries favour European small cap companies over large caps.
The Swedes are Europe’s only fund selectors who prefer small caps within EM equities
Madrid-based fund selectors voiced a strong preference for large cap value stocks at Expert Investor Spain last week.
Last years buoyant equity markets have resulted in a spike of equity fund launches in Europe in the first quarter of 2014.
Schroders’ Steve Cordell warns equity investors: while European small caps remain popular among investors, it is hard to find value there.
Equity bulls were told what they liked to hear at the Expert Investor Denmark event in Copenhagen last week.
