21 Mar 2014
Portfolio outflows from emerging Asia re-accelerates - ANZ
FXStreet (Barcelona) - Richard Yetsenga, Head of Global Market Research at ANZ, provides a summary over the latest emerging Asian fund flows.
Key Quotes
"According to EPFR funds flow data, portfolio outflows from Emerging Asia re-accelerated to USD3.4bn from USD1.6bn in the week ending 19 March, reversing a moderation in outflows in the previous week. Outflows from Asian equities picked up sharply (to USD3.1bn from USD1.8bn), while bond flows reverted to an outflow (USD302m) after posting inflows (USD114m) in the previous week."
"On equities, the acceleration in outflows was driven mainly by China, which saw the biggest outflow since Jan 2008 (USD2.0bn). All other countries also saw a pick-up in outflows (except Vietnam). The reversal in bond flows was broad-based, across all countries."
"On the global front, US asset markets took up the bulk of the inflows, totalling USD14.2bn (USD10.5bn into equities and USD3.7bn into bonds). Flows into European asset markets were more modest (USD1.5bn into equities and USD321m into bonds). The reversification theme continues to play out."
Key Quotes
"According to EPFR funds flow data, portfolio outflows from Emerging Asia re-accelerated to USD3.4bn from USD1.6bn in the week ending 19 March, reversing a moderation in outflows in the previous week. Outflows from Asian equities picked up sharply (to USD3.1bn from USD1.8bn), while bond flows reverted to an outflow (USD302m) after posting inflows (USD114m) in the previous week."
"On equities, the acceleration in outflows was driven mainly by China, which saw the biggest outflow since Jan 2008 (USD2.0bn). All other countries also saw a pick-up in outflows (except Vietnam). The reversal in bond flows was broad-based, across all countries."
"On the global front, US asset markets took up the bulk of the inflows, totalling USD14.2bn (USD10.5bn into equities and USD3.7bn into bonds). Flows into European asset markets were more modest (USD1.5bn into equities and USD321m into bonds). The reversification theme continues to play out."