Global investors step up bond fund selling in week to March 9

0

March 11 (Reuters) – Global bond funds saw large outflows in the week to March 9 on a surge in crude oil prices and concerns over soaring levels of inflation, in a context of escalating conflict between Russia and Ukraine.

Investors offloaded global bond funds for the ninth consecutive week, for $15.75 billion, up 32% from the previous week.

Fund flows: global equities, bonds and money market

Brent crude oil jumped to its highest level in 14 years this week as US President Joe Biden’s announcement on Tuesday of a ban on Russian oil and energy imports sparked fresh concerns over soaring prices crude.

Join now for FREE unlimited access to Reuters.com

Register

However, crude prices fell later in the week after the United Arab Emirates pledged to increase oil supplies and it became clear that the European Union would not join the United States. and to Britain to ban Russian oil.

European bond funds suffered net sales of $8.2 billion, while US funds and Asian bond funds saw outflows of $7.85 billion and $0.35 billion respectively.

Global high yield and short-to-mid-term bond funds saw outflows of $5.07 billion and $4.44 billion respectively.

However, government bond funds secured $1.29 billion, while inflation-linked funds received $1.94 billion in inflows, a doubling of purchases from the week. former.

Flows of global bond funds during the week ended March 9

Meanwhile, investors sold global equity funds with a net worth of $9.22 billion in a second consecutive week of net sales, although outflows were 18% below the previous week, according to data from Refinitiv Lipper.

Financial sector funds faced net sales of more than $3 billion for a second consecutive week. However, equity funds in the mining and energy sectors received inflows worth $1.1 billion and $0.88 billion respectively.

Fund flows: global equity sector funds

Global money market funds received inflows worth $3.06 billion, underscoring investor caution during the week.

Among commodities funds, demand for precious metals funds hit a six-week high as they got $1.67 billion in net purchases, while energy funds received $1.3 million. dollars.

An analysis of 24,111 emerging market funds showed equity funds had outflows worth $2.49 billion, while bond funds saw net sales for a fifth straight week, worth $1.03 billion.

Fund flows: emerging market stocks and bonds
Join now for FREE unlimited access to Reuters.com

Register

Reporting by Gaurav Dogra and Patturaja Murugaboopathy in Bengaluru; Editing by Alison Williams

Our standards: The Thomson Reuters Trust Principles.

Share.

Comments are closed.