The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
Commodities sector funds were the only ones among the nine major sector fund groups tracked by EPFR Global to post inflows. Commodities sector funds posted inflows for the eighth time in 10 weeks year-to-date during the first week of March. So far this year, this fund group has absorbed a net $3.64 billion and returned over 18%. That makes it the best performer among the major EPFR Global-tracked fund groups and second only to money markets funds in terms of net flows.
Last week also showed some evidence of bargain hunting. Europe equity funds posted inflows for the first time in 27 weeks mainly due to the $1 billion taken in by a single Swiss fund, EPFR Global says. High-yield bond funds snapped an 11-week losing streak, meanwhile.
Flows into the more defensive fund groups were generally subdued, with money market, US bond and balanced funds recording inflows that were well below their recent weekly averages.
Funds geared to regions or countries that are big importers of commodities did not fare well. Asia ex-Japan equity funds were hit with net redemptions for the 12th time in the past 13 weeks, US equity funds for the sixth time in seven weeks and Japan country funds for the 48th time in the past 49 weeks.
Europe, Middle East and Asia equity funds were the big winners among the major emerging markets fund groups in early March as investors sought exposure to the energy and mineral resources of Russia, South Africa and Middle East oil producers. The $695 million absorbed by these funds makes them the only group to have net inflows year-to-date.
Sunsuper and QSuper appoints CIO for combined entity; State Street appoints heads of HK and Taiwan; Nothern Trust rebuilds Apac team; Manulife IM names emerging markets fixed income CIO; RBC Wealth Management hires four into HK; Lombard Odier hires two senior equity managers; Allianz Global Investors appoints Asia hand as equity CIO; and more.
Investors from China and the US are expected to continue buying assets in each other’s markets despite the blacklist of Chinese firms with military and surveillance ties.
Stronger government actions are needed to meet the Paris Agreement goal of limiting global temperature rise to 1.5 degrees, investors such as Hesta and CDPQ signed in a statement.
AsianInvestor explains why we chose the winners of the second half of our 2021 fund manager winners, by major local markets.