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Which funds suffered the biggest outflows in Q2

Citywire Asia presents the top five sectors that saw the most net outflows in the second quarter

In this gallery, we examine the top sectors and funds that saw the most net outflows in the second quarter of 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.

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In this gallery, we examine the top sectors and funds that saw the most net outflows in the second quarter of 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.

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Sentiments in emerging market global hard currency bond sector took a turn for the worse in the second quarter. The sector collected $2.4 billion net new assets in Q1 but suffered net outflows of $2.6 billion in Q2.

Redemptions from the sector were led by Pictet global emerging debt fund which lost $1.2 billion in Q2.

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The mixed assets absolute return EUR sector has seen 12 straight months of net redemptions since July 2017. Cumulative withdrawals over this period amounted to $6.1 billion.

Nordea 1 - stable return fund was hit by a string of outflows since March this year and lost $3.1 billion over the past four months. As of end June, the fund had assets under management of EUR 13.5 billion (USD 15.8 billion).

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On average, each fund in the European equity sector lost $27.1 million in the second quarter this year.

While the JOHCM European select values fund saw net withdrawals totalling $258.3 million in Q2, the fund registered net inflows of $11.6 million in June.

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In the second quarter, investors pulled a total of $3.4 billion from the US Dollar high yield bond sector.

Fidelity US high yield bond fund started the year with $38.6 million in net subscriptions but suffered an acceleration of outflows since. From February to June, the fund registered net redemptions of $387.5 million and concluded the first half of the year with assets under management of $3.5 billion.

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Redemptions from the global flexible bond sector in the second quarter continued to be led by PIMCO GIS Income fund. The fund saw net withdrawals of $2.9 billion in June, its highest outflows year-to-date. After a 26-months streak of inflows, the fund saw its first glimpse of withdrawals in February this year. Over the past five months, the fund averaged outflows of $1.3 billion.

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