Articles tagged: Market Focus
  • June 2019Market Focus

    Blink and you miss it

    A strong flow picture for long-term mutual funds in April provided welcome relief for international managers following a dip into the red in March. But in truth there wasn't a huge amount going on beneath the surface, with the same trends firmly in place. Bonds were on fire, active remained in deep storage and multi asset failed to ignite. …
  • June 2019Market Focus

    Between scepticism and profit-taking

    The upcoming European elections, the Sword of Damocles still hanging over the trade negotiations between the US and China, and concerns about high market valuations convinced many investors to cash in part of the impressive rebound experienced by global stock markets, which by April had recovered from the December sell-off. As a result, the local fund industry posted net outflows …
  • June 2019Market Focus

    Mayhem in May

    Despite booming stock markets, there was no change in French fundamentals in April. Mixed asset and equity funds continued to flounder in the red, while cash, bond and property funds were in the black. Several factors have converged to subdue investor sentiment, the worst being the lengthy gilets-jaunes protests and their impact on the economy. As a result, net redemptions …
  • June 2019Market Focus

    The calm before the storm

    April was the best month for net fund sales in Austria since January 2018, though results across different asset classes were mixed. The main reasons for the good news were solid net sales of mixed asset funds and a significant drop in redemptions from bond funds. Continuing net sales of property funds and modest withdrawals from equity funds also …
  • June 2019Market Focus

    What a month for Switzerland!

    Swiss long-term funds took the gold medal from all other domestic markets in April with €1.7bn in total net sales. Switzerland also registered the regions' strongest domestic bond flows of nearly €2bn, twice the volume of its closest rival. Mixed asset funds were also back on form after a rather lean first quarter, posting their best net sales flows since …
  • June 2019Market Focus

    Appetite for property drives sales

    The second quarter started with unspectacular, yet solid sales, highlighted by another strong month for property investments. The industry again relied on the persistency of three bestselling categories – real estate mixed assets and equities – to secure a top ranking among European markets. Bonds, however, remained in negative territory, as did the money market sector.Overall net sales flows slowed …
  • June 2019Market Focus

    Spring sales pick-up

    Having ended the first quarter in the red, domestic fund sales got off to a decent start in the second quarter. April’s improved net haul for long-term funds was the highest in more than a year. With bonds continuing to collect most of the spoils though, local investors’ risk appetite remained largely quiescent, even as stockmarkets continued to recover ground …
  • June 2019Market Focus

    Back to equities – big time

    Global stock markets boomed and Swedish investors returned en masse to equity funds, showing a preference for plain vanilla products and trackers and global, Nordic, European and Swedish equity funds rocketed. However, net flows were also heavily coloured by movements within the premium pension where new rules led asset managers to merge funds and pool assets. In April this …