ECB QE May Trigger Record Equity Fund Inflows Over 2015: BofAML
2015-04-10 12:53:25.842 GMT
By Charles Daly
(Bloomberg) -- Europe equity retail funds may attract
record inflows this year if YTD data is any pointer as investors
favor stocks while the ECB buys fixed-income assets, BofAML
strategist Ioannis Angelakis writes in client note, citing EPFR
Global data.
* More than $54b has been added in equities in first 14 wks of
2015, the strongest ever start for a yr
* Should pace continue, European equities could see >$200b of
inflows in 2015
* IG credit has also benefited with $24b of inflows YTD;
extrapolating for full year, IG flows could total $90b (>30%
higher vs 2014)
* NOTE: 3-Mo. total returns for Euro Stoxx50 and EUR IG Corp
indexes currently 25.7% and 1.29% respectively, Bloomberg
data show
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To contact the reporter on this story:
Charles Daly in Stockholm at +46-8-610-0717 or
cdaly22@bloomberg.net
To contact the editors responsible for this story:
Jenny Paris at +44-20-3525-4044 or
jparis20@bloomberg.net
V. Ramakrishnan
2015-04-10 12:53:25.842 GMT
By Charles Daly
(Bloomberg) -- Europe equity retail funds may attract
record inflows this year if YTD data is any pointer as investors
favor stocks while the ECB buys fixed-income assets, BofAML
strategist Ioannis Angelakis writes in client note, citing EPFR
Global data.
* More than $54b has been added in equities in first 14 wks of
2015, the strongest ever start for a yr
* Should pace continue, European equities could see >$200b of
inflows in 2015
* IG credit has also benefited with $24b of inflows YTD;
extrapolating for full year, IG flows could total $90b (>30%
higher vs 2014)
* NOTE: 3-Mo. total returns for Euro Stoxx50 and EUR IG Corp
indexes currently 25.7% and 1.29% respectively, Bloomberg
data show
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Charles Daly in Stockholm at +46-8-610-0717 or
cdaly22@bloomberg.net
To contact the editors responsible for this story:
Jenny Paris at +44-20-3525-4044 or
jparis20@bloomberg.net
V. Ramakrishnan