Global flows data reveals happier investors



The US Government's success in averting a tumble over the so-called fiscal cliff combined with better economic news out of China has helped fuel investor sentiment and fund inflows, according to global fund flows and allocations research house EPFR Global.
The company said that flows into its EPFR Global-tracked Equity Funds had hit a five-year high during the first week of January as retail commitments hit their highest level since late in the third quarter of 2009.
As well, it said actively managed funds had recorded their biggest inflow in US dollar terms since weekly tracking began in the first quarter of 2000.
The EPFR analysis said emerging markets and global equity funds had also posted weekly inflow records as investors continued the rotation towards equities that started in mid-December.
Recommended for you
The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call.
Two national advice businesses have merged to form a leading holistic advice business with $2.5 billion in funds under management.
Insignia Financial has completed its transition of a range of administration and technology functions to SS&C Technologies as it seeks to be a leading wealth manager by 2030.
ASIC has permanently banned a financial adviser after he allegedly concealed information from clients and misused client funds, among other breaches.