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Inflows To Global Stock Funds Officially Surpass Half-Trillion For 2024
Last week's equity flows story was all about emerging markets and, more to the point, China.
This week, US-focused funds took the baton, picking up the slack as EM shares saw net redemptions.
On the heels of a record influx, emerging market funds saw more than $4 billion hit the exits. It was the largest outflow since October of 2023, when US rates peaked for the cycle.
The net outflow from developing-nation equities was the first since late May.
If you're curious as to whether some that w
Speaking of historical flows, a third of a trillion is a lot for mutual funds to lose. It seems like that particular business model is slowly going extinct.
Luckily hedge funds are there to take their place (and a bigger fee to boot!)
Here’s what that passive vs active split looks like on a decade lookback:
https://heisenbergreport.com/wp-content/uploads/2024/10/PassiveVsActiveGSDecadeLookbackOct2024.png
Though you do occasionally offer sage investment advice which I am glad that I follow, mainly, per you article on October 16 Smart Money Rules Out Recession. (SELL!), “Buy. And. Hold.” You have offered that advice many times over the years and it has helped me avoid the temptation to time the market which, in retrospect, has turned out well.