Articles tagged: Market Focus
  • September 2019Market Focus

    No-deal Brexit worries rattle investors

    July was another difficult month for the UK fund management industry with more money being withdrawn from funds. Investment Association (IA) statistics showed relatively modest withdrawals, driven by institutional investors. But Broadridge estimates, which cover a wider range of funds and managers, saw redemptions rising to more extreme levels – the fourth highest monthly outflows on record. In both cases, …
  • September 2019Market Focus

    Passive powers on

    Sifting through political headlines of a fragile détente in trade conflicts, Brexit-bluster and dovish – or not, as the case may be – central banks, Swiss investors continue to put their faith, and their cash, in the fund industry. Total net sales for July exceed those seen in every other European market (although Italy came a close second). These inflows …
  • September 2019Market Focus

    Slowdown for the Swedish summer

    July is traditionally the holiday month in Sweden, and muted overall flows figures reflected this. Equity sales were just a fraction of the figure in June, however since June's numbers were inflated by shifts within the PPM system, it is not altogether a fair comparison. In reality, July flows were a return to normal, although at a considerably lower level …
  • September 2019Market Focus

    Positively flat

    The main asset class positives in last month’s domestic sales pattern were repeated in July, but much more emphatically, and with bond edging out equity to assume the best-seller spot. The scale of the equity intake nevertheless stood out in a month of largely negative flows for that class in other European fund markets. A record sales slump in the …
  • September 2019Market Focus

    Central Banks rule

    In July the central banks continued to play an important role as market movers for the fund industry. The fixed income asset class, in line with most previous months this year, boosted the local long-term industry with net flows of €1.8bn. This served to offset the poor sales results on both the mixed asset and equity fronts, with equity …
  • September 2019Market Focus

    No signs of summer fatigue

    July marked yet another month of positive flows for the German fund industry. Influx to property funds slowed as the void was filled by strong investor interest in bonds and mixed asset funds. In contrast to June, investors also supported money markets and guaranteed and commodities funds in the ‘other’ category, with only the equity class recording a month of …
  • September 2019Market Focus

    France in flight and fright

    July is the start of the Grandes Vacances in France. The pace of life visibly slows, and savings and investments are put on the backburner or moved to safe havens, while investors take their month-long summer holidays. Inflows slow right down but then so do the outflows, and thus the net effect is normally benign. But this month is different; …
  • September 2019Market Focus

    Keep calm and carry on

    Despite a major political scandal which led to the collapse of the country’s coalition government in May, Austrian investors have remained calm. A stable economy and a noncontroversial interim administration provided the necessary reassurance for investors, and subsequent positive fund sales in July. It was the fourth month of net inflows this year which could mean that 2019 …