EPFR全球资金流向和配置周报.pdfVIP

EPFR Global Fund Data News Release Rotation towards Equity Funds stalls but EM Funds continue blistering start to 2013 February 15, 2013 Normal service, 2012 style, was resumed during the second week of February as EPFR Global-tracked Bond Funds outgained Equity Funds for the first time since early December. Overall Bond Funds, which had a record setting year in last year while Equity Funds saw over $60 billion flow out, took in $2.58 billion during the week ending February 13 versus $1.81 billion for Equity Funds. The check in the recent rotation in favor of Equity Funds did not, however, drive retail investors back to their default position – redemptions – during most of 2012. They committed fresh money for the sixth straight week, the longest such run since 1Q11. Against a backdrop that included fresh uncertainty about the Eurozone’s prospects and fears of a destabilizing global “currency war” investors hit Europe Bond Funds with their biggest redemptions in over a year and slowed their recent rush into China Equity Funds to a crawl. But they retained their enthusiasm for Japan, bank loans and diversified exposure to emerging markets debt and equity. For the seventh consecutive week both Emerging Markets Bond and Equity Funds took in over $1 billion while Floating Rate Bond Funds posted record setting inflows for the third week running and Japan Equity Funds absorbed another $735 million. Emerging Markets Equity Funds EPFR Global-tracked Emerging Markets Equity Funds took in fresh money for the 22nd straight week despite fresh concerns about Europe and the outlook for emerging markets exporters if the US, Japan and Europe move aggressively to keep their currencies competitive. The diversified Global Emerging Markets (GEM) Equity Funds accounted for over 80% of the week’s total inflows as commitments to Asia ex-Japan Equity Funds, which have been a strong second most weeks since late September, ebbed. Flows continue to be broadly based