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EPFR - fund flow & allocations data

ESG Funds finding the going hard in 2Q22

By Cameron Brandt 20 May 2022

EPFR-tracked Equity Funds extended their longest run of outflows since 3Q19 during the week ending May 18 as slowing global growth, tighter monetary policy in the US, war in Ukraine and widespread lockdowns in China kept investors on the defensive.

EPFR - fund flow & allocations data

Growing fears about global growth hit flows

By Cameron Brandt 17 May 2022

Asset markets endured further pain during the second week of May as investors tried – and largely failed -- to square tighter monetary policy in the US and other markets with the latest global GDP forecasts.

IGM Credit

IGM Global Credit Snapshot

By Ken Jaques 06 May 2022

Factors including the ongoing Ukraine war, China’s covid lockdown impact on supply chains and increasing fallout from inflationary fears (and rising rates to combat this) have all played a significant part in April’s issuance trends EUR supply more than halved from the previous month, with the corporate sector arguably the hardest hit. Despite the generally weak showing, the HY market was reopened after an 11-week hiatus IG issuance in the APAC region slowed to a lesser extent than in EUR. Issuers were forced to pay c11bp NICs on average. HY volumes were boosted by the emergence of a number of Australian HY mining concerns US ex-SSA volumes surpassed street expectations and were skewed towards domestic bank issuance (41%). NICs remain in double digit territory (10.08bp on average) whilst cover ratios fell to 2.75x

EPFR - fund flow & allocations data

Sticks outnumber carrots in early May

By Cameron Brandt 06 May 2022

The first week of May ended with the US Federal Reserve raising its key interest rate by 50 basis points. Investors, who expected a hike of that magnitude but feared the Fed might opt for a 0.75% increase, spent most of the week taking defensive positions.

EPFR - fund flow & allocations data

China: Locked down but not out

By Cameron Brandt 02 May 2022

As key US indexes closed their books on a month that saw the Nasdaq record its biggest drop since October 2008, investors seeking to escape market volatility turned to cash and to Chinese equity.

EPFR - fund flow & allocations data

Sector funds get the eggs during Easter week

By Cameron Brandt 22 Apr 2022

With the opening weeks of the 1Q22 corporate earnings season raising more questions than it answers, US mortgage rates continuing to climb, global growth forecasts being trimmed and Russia’s invasion of Ukraine now in its third month, investors found a lot to like about the sidelines during the third week of April.