Friday, April 15, 2011

Debt crisis in Europe could hardly stop funding risk preferences into the new darling of commodity funds.

<P> As of April 28 in the week, surging euro zone debt crisis, Greece, Portugal and Spain's sovereign credit ratings have been lowered. .However, monitoring of capital flows, according to professional organizations EPFR (emerging market investment fund research company) Statistical data show that investor risk appetite has not been blocked crisis. .</ P> <P> EPFR said that investors are still to riskier emerging market equities and bond funds make new investments. .At the same time, commodities including gold fund is a debt crisis in Europe and the new darling of hedge funds. .</ P> <P> risk preference shares are still sought after new base </ P> <P> from EPFR data show that as of April 28 in the week, the company re-absorption of bond funds tracked by 67.3 billion dollars .funds, equity funds are absorbed by 48.6 billion dollars. .At the same time, the relative safety of money market funds continue to flow 3.8 billion. .</ P> <P> emerging markets, gold is still the big smoke. .Equity funds in the region attracted 14.8 billion U.S. dollars of net capital inflows, which fund in Asia outside Japan net inflow of $ 465,800,000. .In contrast, a net inflow of U.S. equity funds 2.49 billion, the Japanese stock funds again to attract 111 million capital inflows. .</ P> <P> At the same time, Western European equity funds remain troubled by the debt crisis in Europe, suffered the twelfth consecutive week of net redemptions, the net outflow of $ 408,400,000. .Latin American stock funds suffered net outflows of another main plate, a $ 176,400,000 net outflow of funds. .</ P> <P> EPFR said the signs, even if the temperature in the European sovereign debt concerns the occasion of risk will remain active and maintain a good level. .The company's global market analyst Cameron Brandt expressed, "In my view, largely explains the data does not reflect cash flow real-time anxiety for Greece." </ P> <P> EPFR also .that investors in China real estate prices government efforts to stabilize the efforts agreed. .Therefore, as of April 28 in the week, the Chinese stock funds attracted to 1.32 billion U.S. dollars of net inflows. .</ P> <P> return rate of U.S. debt in April turned positive </ P> <P> despite signs the U.S. economy appears to accelerate growth, but due to the debt crisis of the European concerns, in part as investors sought a safe haven will remain .invested capital is considered the most secure U.S. Treasury bonds. .</ P> <P> EPFR data showed the U.S. net inflows of all types of bond funds $ 2,398,000,000, but the performance bond is more seductive. .10-year Treasury prices rose in April occurred, return rate turned positive the first time since January of this year. .According to Merrill Lynch bond index, as of April 29, the U.S. Treasury rate of return of 0.7% in April, compared to negative 0.9% in March. .</ P> <P> At the same time, emerging market bond funds continue to attract capital inflows during the year trend, as of April 28 in the week, a net inflow of 1.22 billion, which was the third-best single-week record for .performance. .So far this year, investors have been net investment in emerging market bond funds, 128 billion dollars. .</ P> <P> favorite commodity funds into hedge funds </ P> <P> and U.S. Treasuries as a hedge fund for commodities attractive. ."There are a lot of money into commodity funds, of which about half of the inflow of gold and precious metals funds," Brandt said, these funds want to wait for this market turbulence triggered by the Greek end. .</ P> <P> EPFR available data show that as of April 29 in the week, commodity stock fund net inflows of 995 million U.S. dollars, hitting 21 weeks high. .Data show that international gold futures prices the week rose 2.8%. .</ P> <P> However, the financial fund continued investigation by the SEC and Goldman Sachs are sovereign credit crisis and concerns about the impact that ended April 28 in the week appeared 183 million outflow. .Energy sector funds are subject to the impact of increased U.S. crude oil inventories, the third time in four weeks in the net outflow of funds. .In addition, health care, biotechnology, utilities and telecommunications sector, a net outflow of funds of funds are there, but the emergence of consumer goods, 242 million fund inflows. .</ P>.

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