Tech stocks have experienced their largest outflows so far this year in the week to Wednesday, with $1.1 billion dollars pulled out of equity funds, BofA analysts wrote in a note, citing EPFR data. Asset management correspondent David Ricketts noted that the latest data is almost double the $7 billion which investors pulled out on March 4. 4. Data as of February 2022. (Bloomberg) -- Money is leaving every asset class and the exodus is deepening as investors rush out of names like Apple Inc., according to Bank of America Corp. strategists. June 20 2018 . BofA Merrill Lynch Global Investment Strategy, EPFR Global = -3.2% - see Global Investment Strategy: Rules & Tools, 12 Nov 2020). Commodity prices haven't cooled off yet and energy prices (Crude, Natural Gas, . As an investor, the only calendar that should really matter to you is yours—the date you start investing toward a goal, the dates you contribute more of your hard-earned money, and the date you need to use your accumulated funds. Global Rate Hikes 04/16/2022 Off . LONDON - Markets are likely to experience a short-term rebound before resuming the sell-off which has sent Wall Street's Nasdaq tech index down over 25% since the beginning for of the year, BofA analysts wrote in a weekly strategy note. Like many, the idea of investing in property is something I have toyed with for a while. The real estate market was no different, The U.S. housing market gained $6 trillion of value in just . Sources: ONS, Berenberg calculations. The Education Department has proposed a set of changes that would offer debt relief to Total and Permanently Disabled borrowers. The Silver Bear Cafe keeps its subscribers informed on issues that adversely affect the conservation of capital and strategies to preserve and increase ones financial security. . This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. ' 1000 15 0 2000 2500 3000 3500 4000 . Ibid. Indices are unmanaged and one cannot directly invest in them. 9 Compared to 25-year average annual default rate of 2.9% and twice the average annual default rate of the GFC during the period. Source: BofA Global Investment Strategy, EPFR Global Number of Covenant-Relief Amendments 0% Source: LCD, an offering of S&P Global Market Intelligence Net Percentage of U.S. Banks Tightening Standards Source: FRED U.S. Industrials Credit Quality Deterioration Source: LCD, an offering of S&P Global Market Intelligence -40%-20% 20% 40% 60% 100% (3) 8 GMO calculations, Bank of America U.S. High Yield Ex Metals and Mining Index, Bloomberg as of March 20, 2020. Source: BofA Merrill Lynch Global Investment Strategy, EPFR Global. "If you thought the almost $7bn investors pulled from European equities (reported last Fri) was huge, the latest BofA/EFPR data shows the largest-ever outflow in a week to 9 March - a whopping $13.5bn." BofA global investment strategy. Source: Food and Agriculture Organization of the United States, FAO Food Price Index. Source: BofA Global Investment Strategy, EPFR Student Loan Forgiveness For Some The Education Department has proposed a set of changes that would offer debt relief to Total and Permanently Disabled. Global Investment Strategy — offers an in-depth analysis of critical global issues across disciplines, regions and asset classes, providing clients with investment ideas and macro perspectives. And this despite the fact that the price of gold simply went through a normal and expected correction since the summer. Looking at the year ahead, the Chief Investment Office's preference is for rotation toward cyclicals and more value-oriented areas, including small caps, with the expectation that the long-duration, high-growth areas with little-to-no profit come under continued pressure. Stock buybacks are also on the decline and should weigh on market returns. US inflation figures were higher than expectations and opinion remains divided on whether inflation will become a problem or . forty-eight-week return lagged four weeks. Source. Indices are unmanaged and one cannot directly invest in them. BofA Global Investment Strategy, EPFR. For 10 straight weeks a total of $30 billion has left U.S. stocks, marking the longest streak of outflows since 2004, Bank of America Merrill Lynch said in a Thursday report, citing EPFR Global . The Chief Investment Office (CIO) provides thought leadership on wealth management, investment strategy and global markets; portfolio management solutions; due diligence; and solutions oversight and data analytics. And this despite the fact that the price of gold simply went through a normal and expected correction since the summer. Student Loan Forgiveness For Some. 04/16/2022 Off . STORY 9 — Commodity-related equity markets and sectors thrived. The Organization of the Petroleum Exporting Countries is an intergovernmental organisation of 13 nations. Source: BofA Global Investment Strategy, Bloomberg, IMF entral anks eginning To Normalize Global Rate uts vs. From a sector standpoint, Energy stocks (+39%) were Q1's massive winner with Utilities the only other sector to end in the green. Source: BoFA Global Investment Strategy, EPFR global. Market Hot Spots. Interestingly enough, November saw exorbitant outflows from the gold ETFs. BofA Whatsmore, the emerging market debt had its largest outflows in two years. Data as of February 2022. 5 BofA Global Investment Strategy, EPFR Global. Flows to stocks funds over the past week had helped lift total inflows into equities to $1.0 trillion, BofA said, citing EPFR data. Source: BofA Global Investment Strategy, EPFR. 6 Weisshorn Asset Management SA - 7, rue des Alpes, Case Postale 1800. Like many, the idea of investing in property is something I have toyed with for a while. Fonte: CNBC, BofA Global Investment Strategy, EPFR Global Fonte: Financial Times, Bloomberg intelligence Parte di questi afflussi, soprattutto negli Stati Uniti, deriva dai pagamenti di incentivi agli individui. Flows to stocks funds over the past week had helped lift total inflows into equities to $1.0 trillion, BofA said, citing EPFR data. . CH - 1211 Genève 1 +41 22 316 03 30 + 41 22 310 31 18 info@weisshorn-am.com www.weisshorn-am.com Source : Goldman Sachs Global Investment Research Governments have responded as best they can: by means of rate cuts and massive liquidity injections at levels that have never been seen before. Source: BofA Merrill Lynch Global Investment Strategy, EPFR Global BofAML's breakdown of last week's fund flows pointed to more aversion to risk among investors, and could add to some analysts' worries about deteriorating market internals. BofA Merrill Lynch Global Investment Strategy, EPFR Global In the week ended October 30, investors poured another $12.4 billion into global equity funds — with $4 billion of the total going into. And since the introduction of the Euro in January 1999, German equities are down 6, 7 Op cit. BofA Global Investment Strategy, EPFR Global This chart from Bank of America shows that cash, gold and technology stocks are the largest inflows in 2020 — as a percentage of assets under . Image: BofA Global Investment Strategy. In particular, investors pushed $2.4 billion into gold while pulling out $1.4 billion from stocks and $13.5 billion from bonds, according to the Bank of America Merrill Lynch research based on EPFR data. Ibid. Our economists study monetary policy and analyze a wide variety of indicators to formulate views on what is driving global economic growth. More buyers than sellers and prices go up. Source: BofA Global Investment Strategy, EPFR 9 New all-time highs During the first half of November, investors inflows towards equity funds amounted to $13.2 billion lifting total inflows into equities to $1.0 trillion, according to BofA and EPFR data. Access intuitive and sophisticated analytical tools through BofA's Mercury® portal. Fears that global reflation will trigger higher-than-expected inflation, growing appetite for emerging markets exposure and the surge in retail involvement are among the factors fuelling this reassessment of likely volatility. Source: Food and Agriculture Organization of the United States, FAO Food Price Index. The TPD Discharge changes would, among other things, eliminate post-discharge income monitoring and expand who can certify a disability. Global supply chain issues and commodity inflation have been a cause of concern. In raw numbers, $569 billion has flowed into . Bank of America today launched its digital asset research with the publication of a report entitled "Digital Assets Primer: Only the first inning," led by Alkesh Shah, head of Global Cryptocurrency and Digital Asset Strategy. Global Investment Strategy HK Limited is an SFC regulated firm, located in the Central Business District of Hong Kong. 5. Communication Services (-11.2%), Consumer Discretionary . But here are four key shifts that suggest a turning point for the world's biggest debt markets. Nervous investors withdrew capital from bonds for the sixth week in a row with $11.4 billion leaving, while $11.6 billion were pulled away from investment grades bonds. The Organization of the Petroleum Exporting Countries is an intergovernmental organisation of 13 nations. Here, huge quantities of gold were thrown onto the market in a panic attack with the push of a mouse click. More money has gone into stock-based funds over the past five months than the previous 12 years combined, according to Bank of America. Sources: Eurostat, Gov.UK. BofA Global Research Volatility Risk Ratings indicators of potential price fluctuation, are: A - Low B - Medium C - High BofA Global Research Investment Ratings reflect the analyst's assessment of a stock's absolute total return potential and attractiveness for investment relative to other stocks within its Coverage Cluster (defined below). The price of the S&P Leveraged Loan Index was down to 95.7 as of Wednesday's close, according to Refinitiv data, from about 98 in mid-April and hitting its lowest levels since December 2020. Source: BoFA Global Investment Strategy, EPFR Global, FT As risk appetite continues to go up, we believe equities are being priced to deliver low prospective returns. BofA Merrill Lynch Global Investment Strategy, EPFR Global Below is a complete breakdown of this week's fund flows, via BAML: . All eyes remain on any signs of inflationary pressures that could prove more entrenched than the central banks think likely. These factors, along with additional risks such as mounting protectionism and stretched . Source: BofA Global Investment Strategy, EPFR Student Loan Forgiveness For Some The Education Department has proposed a set of changes that would offer debt relief to Total and Permanently Disabled borrowers. Source: BofA Global Investment Strategy, EPFR. emerging markets. The SPDR Blackstone Senior Loan ETF traded at $42.6 a share on Thursday, down 4.5% in a month and at a two-year low. On the surface, fear of volatility is running ahead of market - or realized - volatility. Bahkan diperikarakan oleh Bank of America bahwa aliran saham di 2021 bila disetahunkan (annualized) akan . Sources: BofA Global Investment Strategy, EPFR. Your trusted prime broker partner. BofA Global Investment Strategy, EPFR Global. Reuters November 19, 2021 / 06:03 PM IST German equity prices are down 45% in USD terms from December 2007. These inflows have gone hand in hand with strong equity market returns in early November as investors price in a stronger recovery in global economic growth and corporate earnings in 2021. The U.S. housing market gained $6 trillion of value in just . They do not include fees, expenses or sales charges. Indices are unmanaged and one cannot invest in an index. As an FCA regulated prime broker and London Stock Exchange member firm, located in the City . Now, if there's a single trait executives use to describe what's fueling . In the last 12 months, in-flows to U.S. equities total $1.1 trillion. BofA Bull & Bear Indicator: up to 7.1 (Chart 1) from 6.7 (Dec 17th); BofA private client up to 61.7% of $2.9tn AUM in equities, closing in on Mar 2015 peak - Chart 18). Fund Flows. Sources: ONS, Berenberg calculations. U.S. Share Buyback Announcements 04/16/2022 Off . Source: BofA Global Investment Strategy, EPFR Global Biden's tax hike The impact of the proposed US corporate tax increase is certainly a concern for some investors but we think a stable and predictable stance from the central banks may promote a longer-term commitment to equities from investors along with a renewed focus on the long-term . . Meanwhile fixed income funds saw the smallest weekly inflows in four weeks at $6.2 billion, while cash funds raked in $7.8 billion. Three macro "policy puts": The Fed put, the China put and the Draghi put, are in jeopardy of disappearing or, at the very least, being repriced. Here, huge quantities of gold were thrown onto the market in a panic attack with the push of a mouse click. In January of this year, 11 of those 19 conditions were occurring, prompting BofA to announce its conclusion that "a tactical S&P 500 pullback to 2686 in Feb/Mar now very likely." Source: BofAML Global investment Strategy . Sources: BofA Global Investment Strategy, EPFR Global. Insights and tools to help optimize your trading strategies. Just last year, Bank of America Corp.'s investment bank was reeling from an embarrassing loss that crimped results. BofA Bull & Bear Indicator remains steady at 6.5. We are part of a diversified group of financial service and prime broker companies offering multi-asset global 24-5 trade execution, clearing, safe custody and prime solutions to stockbrokers, proprietary trading firms, fund managers, small/mid-sized hedge funds, family wealth . 4. BofA Merrill Lynch Global Investment Strategy, EPFR Global In the week ended October 30, investors poured another $12.4 billion into global equity funds — with $4 billion of the total going into . Insider Transactions Ratio 04/16/2022 Off . 3. All this to . Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. BofA Global Investment Strategy, EPFR Global. Each month, we look at Factor Flows - % of AUM, Equity Funds. Our monthly Factor Flows Dashboard offers insight across 9 key factors: Style - growth versus value funds (based on the prospectus) Momentum - top versus bottom third of funds ranked on. 4. Sources: BofA Global Investment Strategy, EPFR Global. BofA Strategists Say Investor Exodus Signals 'True Capitulation' In this article: AAPL (Bloomberg) -- Money is leaving every asset class and the exodus is deepening as investors rush out of names. 1/ NO CONVICTION. Sources: BofA Global Investment Strategy, EPFR. Global Investment Strategy Three Policy Puts Go Kaput: Downgrade Global Equities To Neutral. 6. Merrill Lynch (BAML) data from Emerging Portfolio Fund Research (EPFR), the third week of September witnessed the first outflow from global equities in 2021 and the largest since March of 2020. Welcome to Global Investment Strategy. Inflows to Global Equity Funds Over the Past Five Months Exceed the Prior 12 Years. The real estate market was no different. U.S. loans have outperformed other debt instruments this year because of the protection they offer from rising interest rates, but a sharp deterioration in financial markets over the past few weeks has spilled even into this traditional safe haven. CHIEF INVESTMENT OFFICE Bank of America Private Bank is a division of Bank of America, N.A., Member FDIC and a wholly owned subsidiary of Bank of America Corporation ("BofA Corp."). Key benchmark 10-year bond yields have failed to hold above critical levels: 3% on . (Source: BofA Global Investment Strategy, EPFR.) 6. Meanwhile fixed income funds saw the smallest weekly inflows in. From a financial standpoint, I have never been overly drawn to the idea of real estate as an asset class. Let's do the math a little differently. . Interest Rates - Global Rate Cuts vs. 3. "Fear and loathing suggest stocks prone to imminent bear market rally but we do not think ultimate lows have been reached", the team led by Chief Investment . 3. Structured investments may not be suitable for all investors. Corporate share buybacks. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC, and a wholly owned subsidiary of BofA Corp. Digital assets represent a $2 trillion+ market value with 200 million+ users . Trust and fiduciary services and other banking products are provided by wholly owned banking affiliates of BofA Corp., including Bank of America, N.A . From a financial standpoint, I have never been overly drawn to the idea of real estate as an asset class. Hikes Its powerful functionality seamlessly integrates client applications, research, market data and electronic trading across multiple asset classes. Interestingly enough, November saw exorbitant outflows from the gold ETFs. As of this week, the indicator is once again sensing an accumulation: 13 of the 19 conditions have been triggered. Gold - The bull market continues Florian Grummes. Stock funds had inflows of $58 billion in the week through Feb. 10, led by investments into U.S. equities and the tech sector, according to BofA and EPFR Global data. This is a preview of Sound Money, Forbes' free weekly newsletter about pressing issues that matter to your financial well-being: personal finance, investing, Leveraging the EPFR Research team's deep experience with flows data Chartbook offers clients fresh investable ideas each week. Source: BofA Merrill Lynch Global Investment Strategy, World Federation of Exchanges, BIS The first chart shows the total value of global stocks and bonds outstanding in financial markets today . And this despite the fact that the price of gold simply went through a normal and expected correction since the summer. October 4, 2021 at 9:00 AM Eastern. 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