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花旗:资金流向洞察_美国资金流向仍波动,全球和欧洲资金流向表现优异
花旗· 2025-07-15 01:58
Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - US equity funds experienced an inflow of US$16.3 billion during the week of July 9, 2025, while bond funds saw an inflow of US$20.8 billion, indicating a mixed performance in US fund flows [1] - Global funds continued to attract strong inflows, totaling US$5.1 billion, while European funds had an inflow of US$1.4 billion, primarily into regional ETFs [1] - Emerging Market (EM) funds also saw significant inflows, with US$2.9 billion into EM funds, and US$3.0 billion into GEM funds, marking the fourth consecutive week of strong subscriptions [2] Summary by Sections US Fund Flows - US equity funds had an inflow of US$16.3 billion, while bond funds attracted US$20.8 billion during the week of July 9, 2025 [1] - Mixed flows were observed in US funds, with US$9.5 billion inflows into ETFs countered by US$6.1 billion in redemptions from non-ETFs [1] Global and European Fund Flows - Global funds saw inflows of US$5.1 billion, and European funds had an inflow of US$1.4 billion, mainly into regional ETFs [1] - The report highlights the continued strength of global fund inflows compared to US funds [1] Emerging Market Fund Flows - EM funds recorded an inflow of US$2.9 billion, with GEM funds attracting US$3.0 billion in subscriptions, indicating robust interest in emerging markets [2] - EMEA funds also experienced inflows of US$0.3 billion, while flows to Latin American funds slowed down, particularly in Chile, which saw US$156 million in net redemptions [2] Local Intelligence - Taiwan saw a net foreign inflow of US$1.2 billion, Korea had US$0.4 billion, and Japan experienced a significant foreign inflow of US$3.8 billion [3] - Southbound flows from China to Hong Kong remained strong at US$3.2 billion, reflecting ongoing investment interest in the region [3]