野村国际(香港)有限公司 Tacky Cheng,Flora Lam
Fund Investors: US’s selling and APxJ’s buying increased
US: -USD3.4bn vs -USD330mn last week (selling increased)(in US: –USD3.4bn for ex-ETF vs –USD21mn for ETFs)
APxJ: +USD685mn vs +USD589mn last week (buying increased)(in APxJ: +USD90mn for ex-ETF vs +USD595mn for ETFs)
HK: +USD401mn vs -USD46mn last week (turned buying)
CH: +USD107mn vs +USD276mn last week (buying slowed)Foreign Investors: Foreign buying eased
APxJ: +USD1.6bn vs +USD2.4bn last week (buying slowed)
TH:+USD232mn vs -USD156mn last week (turned buying)
IJ: +USD77mn vs -USD7mn last week (turned buying)Asset allocation trends: Bond market inflows hit a 5-month high· Bond market: +USD8.3bn vs +USD8.0bn in the previous week
Money market: +USD8.6bn vs –USD10.4bn in the previous weekWeekly updates
Global: Funds turned to light outflows, dragged by the US
APxJ Region: Funds buying seen in all countries
Japan: turned to witness fund outflows, foreign selling remained
Fund flow breakdown: GEM/APxJ/EMEA/ Int’l saw inflows to ex-ETFand ETF, US/Japan saw outflows from ex-ETF and ETF
Asset allocation trends: Bond market inflows hit a 5-month high,Money market turned to witness outflows
Equity market trend: EM continued to witness inflows but DM turnedoutflows
Fund/foreign flows (region/markets)