The majority of Swedish fund selectors are keeping their equity allocations unchanged, with one notable exception: emerging markets equities.
Fund buyer enthusiasm about European, US and Japanese equities in Belgium is seriously cooling down. The number of buyers of all three asset classes has tumbled since January
Italys fund selectors have been flirting with emerging market debt before, but now seem to be going all the way.
Money flows to developed equity funds are now at the lowest level since June 2013, according to the latest EIE fund flows data.
The majority of Swedish fund selectors are keeping their equity allocations unchanged, the freshest EIE data concerning Sweden indicate.
European fund selectors who take part in this year’s EIE Fantasy Fund Picker Competition have a strong bias towards European equity funds.
Global asset management companies have never before been as divided on return prospects in emerging markets as they are now.
Flows into European equity funds are the lowest they have been for almost a year.
European equities are a much better proposition than US equities, says Egill Darri Brynjólfsson from Landsbref Bank in Iceland.
Emerging market bonds and equities continued to enjoy steady net inflows in May, reinforcing a strong trend of renewed investor enthusiasm for emerging markets.