The Most-Loved Fund Categories

ASSET FLOWS: Investors fell in love with global emerging-markets equity funds in the first month of 2013

Ali Masarwah 28 February, 2013 | 4:08PM
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Investors poured a record amount of money into long-term funds in January as concerns about economic and market risks faded in people's minds. Long-term funds posted record inflows of €45.7 billion in January, the highest level seen for European funds on record. (Morningstar asset flow data at the industry level begins in 2007.)

More of the Same, Please!

Turning to the most-loved fund categories, global emerging-markets equity funds have taken the lead, enjoying hefty inflows of €4.4 billion in January. This marks a continuation of last year’s trend and brings total 12-month inflows into emerging-markets equity funds to €19.4 billion. 

The Morningstar Asia Pacific ex-Japan equity and China equity categories also had a field day in January. These funds saw the highest inflows of any single month on record, receiving €1.6 billion and €1.0 billion, respectively. This suggests that European investors are pinning their hopes on the return of growth to the Chinese economy this year after disappointing growth (and poor equity performance) in 2012. (At the time of writing in February, the latest macro indicators such as the HSBC PMI Index do not support these hopes.)

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About Author

Ali Masarwah

Ali Masarwah  is the editor of Morningstar.de in Germany.

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