Active equity funds celebrated their best month in five years in December, as data from funds network Calastone reveals that half of the month’s GBP1.7 billion investment flows in active equity went towards ESG funds.
Mutual funds across all asset classes received only half of their usual monthly inflows in September, as growing uncertainty prompted UK investors to direct money into savings accounts rather than riskier investments.
Investor demand for new actively-managed environmental, social and governance (ESG) funds is growing, and a report from Broadridge Financial Solutions documents that interest is shifting towards funds that employ best-in-class positive screening, thematic, and outcome-oriented funds.
Institutional investors continue to shun active equities strategies in favour of fixed income, with allocations to high yield, corporate, and core bond strategies in the US rising fastest.
The market capitalisation of the global banking market dropped by 30.32 per cent between the final quarter of 2019 and the second quarter of 2020, according to data from Buy Shares.
The US equity market is reporting positive returns, but new data from Qontigo shows that this was largely driven by the stellar performances of FAANGs (Facebook, Amazon, Apple, Netflix and Google.
Appetite for ESG funds continued to soar in July as inflows reached record levels for the fourth month running, leaving ESG as one of the only actively-managed fund types to see greater inflows than passive counterparts.
MayStreet, a market data infrastructure provider, has added Fenics USTreasuries (Fenics UST) to its US cash treasury data portfolio. Owned and operated by BGC Financial, Fenics UST is a low-latency, fully electronic US Government securities trading venue that delivers displayed liquidity calibrated to the industry’s tightest tick increments.
The UK’s FTSE 100 is taking longer to bounce back than other global indices, which are showing signs of recovery from the coronavirus pandemic, according to a new tool by Daily FX.
Refinitiv has launched ESG scores for funds, allowing comparisons at the fund level for fund managers, advisers and investors, as the world of sustainable investing continues to boom.