Trendscout news issue 19 - Rotation out of equity into flexible exposure funds

17. April 2018

Rotation out of equity into flexible exposure funds

The uncertainty in equity and rates markets starts to drive investors away from riskier products.

Interest in documents for equity funds has declined considerably in recent weeks - with the exception of robotech funds. On the other hand, very flexibly managed multi-asset and fixed income funds enjoyed greater popularity. This increased demand originated primarily from investors in Asia, followed by investors from Switzerland, Germany and Southern Europe.

Neglected for some time, the flexible Fixed Income Relative Value funds are experiencing increased demand. While BlackRock Fixed Income Global Opportunities lost some views share at a high level, three winners stand out: Edmond de Rothschild Fund - Bond Allocation grew strongly in virtually all European markets. This was mainly done via European-oriented banks or public channels, while interest among local Swiss banks remains minimal. While Goldman’s Global Strategic Income Bond stagnated, its Global Strategic Macro Bond became increasingly popular with global and Asian financial institutions for investors in Switzerland, Germany and Singapore. Pimco Unconstrained Bond reached its highest views share in at least two years thanks to increased demand from Southern Europe and especially Hong Kong, where there was more interest from both GFIs and public platforms.

Document downloads for most popular Fixed Income Relative Value funds as a percent of all downloads for this peer group over 1 year within European and Asian sales channels

Other Trendscout highlights

  • Global Emerging Market Debt funds gained views share versus Asian Emerging Market Debt funds.
  • Strong appetite for UBS Equity Fund - China Opportunity primarily stems from Asian financial institutions.
  • Polar Global Technology surpassed Janus Henderson Global Technology as the most popular technology fund.

Categories gaining attention

  • Liquid Alternatives – Multi Strategy
  • Equity Sector Technology
  • Liquid Alternatives – Fixed Income

Categories losing attention

  • Equity World
  • Equity Euroland
  • Equity USA

Funds gaining attention

  • Goldman Sachs - Emerging Markets Debt Portfolio
  • Carmignac Sécurité
  • AXA World Funds - Framlington Robotech
  • JPMorgan Global Macro Opportunitities
  • Credit Suisse Lux Global Robotics Equity

About Trendscout

Trendscout by fundinfo is a service to measure investor’s interest in funds based on online views of our 25+ million fund documents database. Trendscout tracks overall trends in downloads of fund factsheets, KIIDs and other legal documents but can also identify the source of interest in funds based on investor domicile or sales channel.

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