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Strategic Insight Global offers weekly commentary, analysis, and data on industry
developments worldwide. Global reports are available only to SI Global clients.
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Global Fund Review November 2011 & Full-Year Estimates |
Jan 31 2012 |
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Including December estimates, global long-term cash flows for 2011 stood at about $170 billion, less than one fifth of the $1 trillion of annual flows in 2010 and 2009. The US and Asia were in positive territory with $200 billion and $70 billion, respectively. Europe, on the other hand, witnessed long-term outflows of $100 billion for the year ($70 billion through November).
From September through November, only the US collected positive net cash flows, totaling $31 billion excluding money funds. Europe suffered $122 billion in net withdrawals. Although Asia flows were marginally negative, new funds managed to collect $20 billion in new money. Despite the outflows in Europe, selected fixed income, absolute return and target maturity products gained net cash flows. Investors in the US preferred corporate bond funds and international investment themes. |
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Global Mutual Fund FlowWatch - November 2011 Results |
Jan 20 2012 |
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Globally, equity/mixed, bond and other long-term mutual funds saw $30 billion in net redemptions during November, the fourth consecutive month of outflows. Europe (including cross-border funds) was the only region experiencing large outflows ($38 billion) due to renewed concerns over Europe's debt crisis, while all other regions were able to collect positive, albeit small inflows: Brazil led the way collecting $4 billion in new money, followed by the US with $2 billion; Asia and Canada each contributed around $1 billion in net flows for the month. |
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Asia FlowWatch - November 2011 Results |
Jan 16 2012 |
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Excluding money market products, long-term fund flows in Asia were essentially flat, with $0.5 billion during November. Although Japan experienced $3.6 billion in net redemptions, fund flows were balanced by $2.2 billion from new fund contributions in China, and the continuous progress in smaller South East Asian markets – Thailand and Malaysia, $0.9 billion and $0.4 billion, respectively. (Please note that for India and China, existing funds report assets on a quarterly basis, thus are excluded in the flow calculations.) Moreover, new launches in the region topped the best-selling list, led by Nomura’s Global High Dividend Equity Premium Fund ($1 billion) and followed by two China funds – MinSheng Royal Booming Industrial Equity Fund ($500 million) and BOC Small & Middle Cap Equity Fund ($480 million).
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Europe FlowWatch - November 2011 Results |
Jan 16 2012 |
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During the month of November, long-term funds saw continued outflows in both local Europe (Euro 11 billion) and the international cross-border space (Euro 17 billion), totaling Euro 28 billion in net redemptions – Euro 12 billion higher than the outflows in October. Nevertheless, a few products still attracted sizable flows in this uncertain economic and political environment. Swedbank Robur Transfer 80, a target maturity fund under the Swedish Premium Pension scheme, garnered Euro 0.8 billion from individual accounts in November, while Zuercher Kantonalbank’s Gold ETF and Deutsche DWS’s Bond Flexible gathered Euro 0.6 billion and 0.5 billion in net flows, respectively, for the month.
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CEO Thought Leader Series: Going Global - The FundForum USA 2011 Interview |
Dec 5 2011 |
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This report highlights views from a thought leadership discussion around the opportunities and challenges of running a global fund management business, conducted at the 2011 FundForum USA event in Boston with Vijay Advani, EVP Global Advisory Services at Franklin Templeton, Massimo Tosato, Executive Vice Chairman at Schroders, and Daniel Enskat, Head of Global Consulting at Strategic Insight. |
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Latin America in Global Asset Management |
Nov 21 2011 |
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Latin America’s mutual fund industry could reach between $2.8 and $3.6 trillion in assets by the year 2020, while its pension fund assets could approach $3 trillion — a total of over $6 trillion, depending on the global market environment in the coming years. This commentary provides highlights from Strategic Insight’s new in-depth study: State of the Asset Management Industry – Latin America, with results of a year's worth of time spent on the ground with asset managers, regulators, associations, and distributors in Brazil, Mexico, Peru, Chile, Colombia, Uruguay, and Venezuela throughout 2011, focusing on the issues, local viewpoints, and anecdotes. |
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Strategic Insight - New Funds in Asia and Europe: Q3 2011 Highlights |
Nov 15 2011 |
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This commentary highlights trends in new fund development and marketing in Europe and Asia. New funds during the third quarter raised $27 billion in Asia, $8 billion in local Europe, and $6 billion through cross-border international funds. Key themes among fund introductions included emerging market, commodities and real asset funds, income solutions, high yield and emerging bond, multi-asset and global allocation, US equity, and alternatives (long/short, event driven, debt arbitrage, etc.).
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