Latest news with #LSEGLipper
Yahoo
a day ago
- Business
- Yahoo
Japanese equity funds log sharpest weekly outflows since 2007
By Gaurav Dogra and Rae Wee (Reuters) -Japanese equity funds logged their largest weekly outflows in nearly 18 years in the week to May 28, as investors either booked profits following a rally fueled by the then-easing U.S.-China trade tensions or turned cautious on earnings potential. According to LSEG Lipper data, Japanese equity funds recorded net outflows of $7.49 billion, marking the largest weekly withdrawal since July 4, 2007. Daisuke Motori, director of manager research at Morningstar Japan, said the outflows from Japanese equity funds in May reflected a familiar pattern, with investors buying during April's dip and selling into the May rebound. Some of the flows could also be due to rebalancing by Japan's massive life insurance and pension firms as they sell rising stocks and buy bonds to maintain asset ratios, analysts said. Another headwind has been the yen, which has appreciated 10% against the U.S. dollar so far this year, potentially eroding export profitability. LSEG data shows analysts have downgraded forward 12-month earnings estimates for Japanese firms by 1.8% over the past 30 days. "Corporate governance is improving, but we think this is unlikely to be a near-term catalyst," said Herald van der Linde, head of equity strategy at Asia Pacific. He noted that while reforms were underway, their impact on profits would take time - return on equity (ROE) in Japan still lagged other major markets. Domestic investors drove almost the entirety of outflows, Lipper data showed, with $7.55 billion pulled from local funds. In contrast, foreign funds recorded $59 million in net inflows. The Daiwa iFreeETF TOPIX, Nikko Listed Index Fund TOPIX, and Nomura NF TOPIX ETF recorded the largest outflows during the week, with redemptions of $2 billion, $1.92 billion, and $1.61 billion, respectively. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Japanese equity funds log sharpest weekly outflows since 2007
By Gaurav Dogra and Rae Wee (Reuters) -Japanese equity funds logged their largest weekly outflows in nearly 18 years in the week to May 28, as investors either booked profits following a rally fueled by the then-easing U.S.-China trade tensions or turned cautious on earnings potential. According to LSEG Lipper data, Japanese equity funds recorded net outflows of $7.49 billion, marking the largest weekly withdrawal since July 4, 2007. Daisuke Motori, director of manager research at Morningstar Japan, said the outflows from Japanese equity funds in May reflected a familiar pattern, with investors buying during April's dip and selling into the May rebound. Some of the flows could also be due to rebalancing by Japan's massive life insurance and pension firms as they sell rising stocks and buy bonds to maintain asset ratios, analysts said. Another headwind has been the yen, which has appreciated 10% against the U.S. dollar so far this year, potentially eroding export profitability. LSEG data shows analysts have downgraded forward 12-month earnings estimates for Japanese firms by 1.8% over the past 30 days. "Corporate governance is improving, but we think this is unlikely to be a near-term catalyst," said Herald van der Linde, head of equity strategy at Asia Pacific. He noted that while reforms were underway, their impact on profits would take time - return on equity (ROE) in Japan still lagged other major markets. Domestic investors drove almost the entirety of outflows, Lipper data showed, with $7.55 billion pulled from local funds. In contrast, foreign funds recorded $59 million in net inflows. The Daiwa iFreeETF TOPIX, Nikko Listed Index Fund TOPIX, and Nomura NF TOPIX ETF recorded the largest outflows during the week, with redemptions of $2 billion, $1.92 billion, and $1.61 billion, respectively.
Yahoo
5 days ago
- Business
- Yahoo
Global equity funds see second weekly outflow on tariff concerns
(Reuters) -Global equity funds posted outflows for a second straight week through May 28, as risk aversion rose following U.S. President Donald Trump's tariff threats on EU imports and overseas-made iPhones, alongside a spike in long-tenor bond yields. Investors pulled out a net $7.52 billion from global equity funds during the week following a net $9.48 billion worth of sales in the previous week, data from LSEG Lipper showed. In a surprise move last Friday, President Trump threatened to impose 50% tariffs on European Union imports starting June 1, but later postponed the measure until July 9 after a weekend call with European Commission President Ursula von der Leyen. In particular, Asian equity funds witnessed a significant selling pressure during the week as they lost about $6 billion in outflows, the biggest amount for a week since August 2018. Investors sold U.S. equity funds of $5.46 billion but purchased $3.64 billion worth of European equity funds, marking their seventh weekly net purchase in a row. Global bond funds attracted $15.27 billion in net inflows during the week, marking a sixth straight week of gains. U.S. bond funds drew $6.98 billion, while European and Asian bond funds added $6.23 billion and $1.27 billion, respectively. Government and high-yield bond funds also recorded inflows of $1.9 billion and $1.51 billion, respectively. Meanwhile, investors pulled $36.52 billion from money market funds, reversing the previous week's $18.71 billion in inflows. Gold and precious metals commodity funds saw $1.3 billion in inflows, snapping a five-week streak of outflows. Among 29,627 tracked emerging market funds, equity outflows slowed to $183 million from $1.4 billion the previous week, while bond funds drew $885 million, notching a fifth consecutive weekly inflow. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-05-2025
- Business
- Yahoo
Global equity fund inflows surge on trade optimism, inflation relief
(Reuters) -Global equity funds attracted the largest weekly inflow in seven weeks in the week through May 14, buoyed by a U.S.-China trade war truce that has significantly reduced the risk of a global recession. According to LSEG Lipper data, global equity funds bagged a net $19.57 billion in inflows during the week, the largest amount for a week since March 26. U.S. President Donald Trump's ongoing trade negotiations, including a 90-day tariff truce with China, signaled a pause in what analysts had warned could escalate into a devastating trade war capable of plunging the global economy into recession. Softer-than-expected U.S. consumer inflation in April also offered relief to investors concerned about the inflationary impact of U.S. tariff policies, which had sharply lowered expectations for Federal Reserve rate cuts. Investors bought a net $12.86 billion worth of U.S. equity funds, ending a four-week selling trend. The European and Asian equity funds also saw a net $3.29 billion and $2.89 billion worth of purchases, respectively. Global equity sectoral funds witnessed a net $3.77 billion worth of inflows, which halted a five-week-long selling streak. Investors purchased tech, industrial and financial sector funds, each of over $1 billion in value. Global bond funds attracted a net $15.81 billion in the week through May 14, marking the strongest weekly inflow since March 5. Within the segment, high-yield bond funds saw $3.56 billion in net inflows—their largest in seven months—while government bond funds and loan participation funds recorded notable net purchases of $2.28 billion and $1.15 billion, respectively. In contrast, global money market funds posted $32.22 billion in net outflows, partially reversing the prior week's $66.97 billion in inflows. Meanwhile, gold and precious metals commodity funds registered a third consecutive week of outflows, totaling $198 million, after 11 straight weeks of inflows. Data from 29,660 emerging market funds showed bond funds attracted about $1.52 billion, while equity funds drew $508 million—marking the third straight week of net inflows for both segments. Sign in to access your portfolio
Yahoo
16-05-2025
- Business
- Yahoo
Global equity fund inflows surge on trade optimism, inflation relief
(Reuters) -Global equity funds attracted the largest weekly inflow in seven weeks in the week through May 14, buoyed by a U.S.-China trade war truce that has significantly reduced the risk of a global recession. According to LSEG Lipper data, global equity funds bagged a net $19.57 billion in inflows during the week, the largest amount for a week since March 26. U.S. President Donald Trump's ongoing trade negotiations, including a 90-day tariff truce with China, signaled a pause in what analysts had warned could escalate into a devastating trade war capable of plunging the global economy into recession. Softer-than-expected U.S. consumer inflation in April also offered relief to investors concerned about the inflationary impact of U.S. tariff policies, which had sharply lowered expectations for Federal Reserve rate cuts. Investors bought a net $12.86 billion worth of U.S. equity funds, ending a four-week selling trend. The European and Asian equity funds also saw a net $3.29 billion and $2.89 billion worth of purchases, respectively. Global equity sectoral funds witnessed a net $3.77 billion worth of inflows, which halted a five-week-long selling streak. Investors purchased tech, industrial and financial sector funds, each of over $1 billion in value. Global bond funds attracted a net $15.81 billion in the week through May 14, marking the strongest weekly inflow since March 5. Within the segment, high-yield bond funds saw $3.56 billion in net inflows—their largest in seven months—while government bond funds and loan participation funds recorded notable net purchases of $2.28 billion and $1.15 billion, respectively. In contrast, global money market funds posted $32.22 billion in net outflows, partially reversing the prior week's $66.97 billion in inflows. Meanwhile, gold and precious metals commodity funds registered a third consecutive week of outflows, totaling $198 million, after 11 straight weeks of inflows. Data from 29,660 emerging market funds showed bond funds attracted about $1.52 billion, while equity funds drew $508 million—marking the third straight week of net inflows for both segments. Sign in to access your portfolio
