4 Apr 2014
Flows to Emerging Asia reversed - ANZ
FXStreet (Bali) - Richard Yetsenga, Head of Global Markets Research at ANZ, looks at the most recent portfolio flows to Emerging Asia from the EPFR funds flow data, noting a net inflow of USD1.2bn in the week ending 2 April.
Key Quotes
"According to EPFR funds flow data, portfolio flows to Emerging Asia reversed to post a net inflow of USD1.2bn in the week ending 2 April against previous week’s outflow of USD0.6bn."
"Notably, this week’s net inflow was the first seen in 18 weeks. For the week, inflows were seen in both equities (USD1.1bn from an outflow of USD0.4bn) and bonds (inflow of USD0.1bn from an outflow of USD0.3bn)."
"Unlike in recent weeks when the change in directional flows in Emerging Asia was dominated by China, we saw a broad reversal in flows (particularly in equities) across all countries in Emerging Asia."
"On the global front, flows into US equities reversed to an inflow of USD3.5bn from an outflow of USD9.1bn in the previous week, while US bonds continued to see inflows though easing slightly (to USD2.9bn from USD3.4 bn in the previous week). Flows into European asset markets increased modestly (to USD2.6bn from USD1.8bn)."
Key Quotes
"According to EPFR funds flow data, portfolio flows to Emerging Asia reversed to post a net inflow of USD1.2bn in the week ending 2 April against previous week’s outflow of USD0.6bn."
"Notably, this week’s net inflow was the first seen in 18 weeks. For the week, inflows were seen in both equities (USD1.1bn from an outflow of USD0.4bn) and bonds (inflow of USD0.1bn from an outflow of USD0.3bn)."
"Unlike in recent weeks when the change in directional flows in Emerging Asia was dominated by China, we saw a broad reversal in flows (particularly in equities) across all countries in Emerging Asia."
"On the global front, flows into US equities reversed to an inflow of USD3.5bn from an outflow of USD9.1bn in the previous week, while US bonds continued to see inflows though easing slightly (to USD2.9bn from USD3.4 bn in the previous week). Flows into European asset markets increased modestly (to USD2.6bn from USD1.8bn)."