- A rebound in net sales of equity funds. After three quarters of negative or nearly zero net sales, net inflows into equity funds rose to €134 billion in the last quarter 2019. Equity flows recovered across the board but were primarily driven by Europe (€55 billion), followed by the US (€33 billion).
- Net sales of bond funds remained strong. Net sales of worldwide bond funds amounted to $234 billion in Q4 2019, compared to €245 billion the previous quarter. The US (€158 billion) and China (€49 billion) accounted for the majority of global net sales.
- Strong net sales of money market funds. Money market funds attracted €259 Billion in net new money in Q4 2019, compared to €279 billion in Q3 2019. Again, the vast majority of net sales was registered in the US (€171 billion) and China (€66 billion), whereas Europe registered net outflows of just €5 billion.
At times like these, HSBC Asset Management easily pivots towards emerging markets.
The spotlight on growth markets and the need to be nimble and dynamic is ever-sharper, given the difficulty in predicting monetary policy in the world’s major nations.