Morningstar’s fund flow figures show investors shunned emerging-markets bond funds in November, redeeming EUR 3.1 billion from the category. Across all fixed-income funds, EUR 2.1 billion exited during the month. Conversely, USD corporate bond funds ended a five-month losing streak, enjoying inflows of EUR 1.3 billion in November. Open-end equity funds posted net inflows of
Morningstar’s fund flow figures show investors shunned emerging-markets bond funds in November, redeeming EUR 3.1 billion from the category. Across all fixed-income funds, EUR 2.1 billion exited during the month. Conversely, USD corporate bond funds ended a five-month losing streak, enjoying inflows of EUR 1.3 billion in November. Open-end equity funds posted net inflows of EUR 8.4 billion. In total, long-term funds collected net inflows of EUR 13.9 billion in November.
Further findings for November fund flows data include:
Morningstar’s Ali Masarwah comments: “As interest rates rose across the global in November and concerns about the reduction of the Federal Reserve’s asset purchase program persisted, European investors shunned bond funds. Investors sold off emerging-markets bond funds, and emerging-markets equity funds also fell out of favour. As the upward streak of the equity markets continued, funds in the European large-cap blend, Japanese equity and global equity-income categories remained on the shopping list of investors. High-yield bond funds also profited from the yield-chasing phenomenon we’ve observed for many months.”