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Fri Jan 11, 2013, 03:48 PM

Billions pumped into global equities

(FT January 11, 2013) Investors this week poured the most money into equity funds in more than five years, as global shares surged and a compromise deal on the US fiscal cliff boosted confidence.

Net inflows into equity funds monitored by EPFR, the the funds research company, hit $22.2bn in the week to January 9 – the highest since September 2007 and the second highest since comparable data began in 1996. Record inflows into emerging market and world funds drove much of the expansion.

The figures capped a week during which global equity indices hit multiyear highs, encouraging speculation about a “great rotation” this year out of safe, recession proof assets such as government bonds and into equity markets.

“It has certainly got something of that look about it,” said Cameron Brandt, EPFR research director. “It is broadly based with strong flows into equities from retail investors and into actively managed funds. It has a different feel to it than other recent spikes in flows into equities.”

/... http://www.ft.com/cms/s/0/195ed762-5bd7-11e2-bf31-00144feab49a.html#axzz2HhYAkc7R

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Reply Billions pumped into global equities (Original post)
Ghost Dog Jan 2013 OP
Ghost Dog Jan 2013 #1
DJ13 Jan 2013 #2
Ghost Dog Jan 2013 #4
Hugin Jan 2013 #5
Ghost Dog Jan 2013 #3

Response to Ghost Dog (Original post)

Fri Jan 11, 2013, 03:54 PM

1. Emerging Equity Funds Post Record Inflows on Growth Outlook

Emerging-market equity funds recorded their biggest-ever weekly inflows as the U.S. budget deal and China’s economic rebound fueled investor demand for riskier assets.

The funds attracted a net $7.4 billion in the week ended Jan. 9 and assets under management reached an all-time high of $781 billion, Jonathan Garner, the chief Asia and emerging market strategist at Morgan Stanley in Hong Kong, wrote in an e- mailed note today. Developing-nation debt funds lured their second-largest inflows of $2 billion, Garner said, citing data compiled by research firm EPFR Global.

Mutual fund purchases have helped spur a 22 percent rebound in the benchmark MSCI Emerging Markets Index (MXEF) from last year’s low on June 4.

/... http://www.bloomberg.com/news/2013-01-11/emerging-equity-funds-post-record-inflows-on-growth-outlook-1-.html

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Response to DJ13 (Reply #2)

Fri Jan 11, 2013, 03:59 PM

4. I do reckon they're pumping it, yeah.

And the dollar is falling.

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Response to Ghost Dog (Reply #4)

Sat Jan 12, 2013, 08:16 AM

5. Also, crude is going up.

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Response to Ghost Dog (Original post)

Fri Jan 11, 2013, 03:57 PM

3. Gloomy fourth quarter GDP forecast fails to hamper London market

17.30 (CLOSE): London's FTSE 100 Index ended the week on a high despite a gloomy report estimating Britain's economy suffered a fresh contraction at the end of last year.

Leading think-tank the National Institute of Economic and Social Research (NIESR) predicted output shrank by 0.3 per cent in the three months to the end of December in what would mark an abrupt end to the UK's economic bounce back.

But the forecast failed to knock progress on the FTSE 100, which rose 20 points to 6121.6, ending a strong week in which it hit its highest level since May 2008, and pushed through the 6100 barrier.

/... http://www.thisismoney.co.uk/money/markets/article-2260619/FTSE-CLOSE-Gloomy-fourth-quarter-GDP-estimate-fails-hamper-London-market.html#ixzz2HhcsK9AU

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