Investors remain positive on equities
With the US having drawn back from the so-called fiscal cliff - and with 2013 having started with less dramatic economic news out of the US - inflows into equity funds have continued to outperform funds flowing into bonds for a second week in a row, according to global fund flows specialist company EPFR Global.
As well, the company said that retail investors had remained in the market. Equity funds have attracted retail money for the second week running - the first time this had happened since the second half of April 2011.
The data suggested that investors continue to be attracted to emerging markets equity and bond funds.
The EPFR analysis said that combined inflows into both emerging markets equity and bond funds for the first 16 days of this year had been over $18 billion, compared to $4 billion for the same period 12 months earlier.
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AUSIEX has announced it will acquire FIIG, a specialist fixed income provider with $4.5 billion in funds under advice.
Platinum Asset Management has announced it is in discussions with a global alternatives fund manager regarding a possible merger to create an $18 billion firm.
Frontier Advisors has bolstered its Japanese footprint through a partnership with the $350 billion asset management arm of Nippon Life Insurance Company.
JP Morgan Asset Management has appointed an ETF specialist from Vanguard as it seeks to expand its ETF range.
