Register to get unlimited access to all of Citywire’s fund manager database. Registration is free and only takes a minute.

January fund flows: who lost the most

Citywire Asia presents the top five sectors and funds that saw the most net outflows in January 2018

In this gallery, we examine the top sectors and funds that saw the most net outflows in January 2018.

The analysis is based on global fund flows experienced by funds available for sale in Singapore and/or Hong Kong. All flow figures are in US dollars.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

The US Dollar bond sector captured $4.2 billion net new money in 2017. However, $297.5 million was subsequently pulled from the sector in January 2018, with $190.9 million withdrawn from the AB FCP I-American Income Portfolio fund. On average, each fund in the sector saw net outflows of $6.9 million during the month.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

The gold and precious metals sector saw three straight months of net inflows totalling $368.0 million in the fourth quarter of 2017.

 
However, flows from the sector turned negative in January this year despite positive returns exhibited by precious metals. *Gold, silver and platinum prices rose by 4.2%, 2.2% and 8.4% respectively during the month.


*Price performance of gold, silver and platinum are based on data by LMBA.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

While the global equity income sector saw cumulative outflows of $394.5 million in January 2018, only 37.8% of funds in the sector had seen net withdrawals during the month.

Redemptions were led by DWS Top Dividende LD fund. In January, the EUR 18.6 billion ($23.0 billion) fund was down by -1.11% in Euro terms. This compares against the MSCI World Index (EUR) which was up by +1.48%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

The Euro corporate bond sector saw net outflows of $520.0 million in January 2018, seven times the month before ($74.1 million).

The Morgan Stanley Euro Corporate bond fund gathered net new money of $2.1 billion in the second half of 2017. However, it had since fallen out of favour with $228.0 million exiting the fund in January 2018.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Outflows from the US dollar high yield sector extends into its eighth consecutive month in January 2018 with net redemptions totalling $7.7 billion from June 2017 to January 2018.

Withdrawals from the sector were led by Allianz US high yield fund, which saw net redemptions of $381.0 million – it’s highest since August last year. As of end January 2018, the fund had $3.8 billion assets under management.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Asia Taipei Retreat - Day 2 images

    Citywire Asia Taipei Retreat - Day 2 images

  • Citywire Asia Retreat in Bangkok: images from day two

    Citywire Asia Retreat in Bangkok: images from day two

  • Citywire Asia Retreat in Bangkok: images from day one

    Citywire Asia Retreat in Bangkok: images from day one

  • Pictures from Citywire's Hong Kong forum

    Pictures from Citywire's Hong Kong forum

  • Images from our Citywire Singapore Forum

    Images from our Citywire Singapore Forum

  • Citywire Asia Taipei Retreat – Day 1 images

    Citywire Asia Taipei Retreat – Day 1 images