EPFR Fund Flows
By Cameron Brandt 13 Dec 2019
Mutual fund investors steered another $36 billion into EPFR-tracked Money Market Funds, flows to which are already in record setting territory, during the week ending Dec. 11 as the Democrat-controlled House of Representatives unveiled articles of impeachment against US President Donald Trump and British voters prepared to vote in a general election that markets hope will resolve – one way or other – the painful process of divorcing the European Union. Ahead of election day, UK Equity Funds absorbed another $370 million that lifted their net total over the past nine weeks past the $4 billion mark. “Based on recent flows, investors are already treating the UK as if it has left the EU and the multiple challenges that continental Europe is currently facing,” observed EPFR Research Director Cameron Brandt, who noted that combined redemptions from Germany, France and Spain Equity Funds since mid-October total $3.85 billion.