MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, July 26, 2010 Popularity Grows for Emerging Markets Funds Add foreign stock mutual funds to fixed income funds as those that are attracting cash. In Monday morning's WSJ Fund Track Sam Mamudi picks up data from Robert W. Baird & Co that shows international equity funds with $27 billion of net flows in the first half. That puts the non-U.S. funds exactly on track to match 2009's $53 billion of net inflows. Meanwhile, reporter Daisy Maxey picks up on the SPDRS versus Invesco ETF lawsuit over tickers in a second half of the column. The flows twist, according to the Baird numbers, is that mutual fund investors are even shifting what kind of international stock funds they are buying. Now, they are sending cash more to emerging markets mutual funds and less to vanilla international equity mutual funds. Balanced funds are also ahead of last year's pace, with net inflows of $7..5 billion compared to $1.2 billion in 2009, according to Baird. Laura Thurow, Baird's director of mutual funds, tells Mamudi that people are looking for funds with low correlation to the U.S. market; a market that they are still fleeing. In June, mutual fund investors pulled $4.8 billion net out of U.S. equity funds. Other popular mutual fund categories, says Thurow to the WSJ, are commodities mutual funds with $13 billion of net flows and alternatives funds with $15 billion. Printed from: MFWire.com/story.asp?s=32912 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |