Fund Flow Insights_ Small recovery in EM fund flow

Summary of Fund Flow Insights - December 6, 2024 Industry Overview - The report focuses on fund flows in the equity and bond markets, particularly highlighting trends in Developed Markets (DM) and Emerging Markets (EM) as of December 4, 2024 Key Points Fund Flows - Equity Funds: Inflows of US$8.2 billion into equity funds were recorded, with bond funds seeing inflows of US$4.9 billion during the week ending December 4, 2024 [2][3] - ETFs: Strong inflows into US and Global ETFs at US$13.3 billion and US$4.8 billion respectively, while non-ETFs experienced seasonally weak flows [2] - Emerging Markets (EM): Notably, there was a US$0.6 billion inflow into EM funds, marking the first net inflow in 8 weeks [3] - Geographic Breakdown: - Taiwan and Korea ETFs saw inflows of US$0.6 billion and US$0.5 billion respectively, while GEM ETFs had inflows of US$0.3 billion [3] - China funds continued to experience net redemptions of US$0.2 billion [3] Regional Insights - India: Foreign Institutional Investor (FII) flows have been volatile, with almost net zero flow during the week [3] - Taiwan: Experienced a foreign inflow of US$1.0 billion [3] - Korea: Continued to see a net outflow of US$0.8 billion [3] - Japan: Recorded a second consecutive week of foreign outflow totaling US$1.2 billion [3] Performance Metrics - European Funds: Experienced significant outflows of US$5.1 billion [2] - Cumulative Flows: The report includes figures showing cumulative equity fund flows and performance metrics across various regions, indicating a mixed performance across DM and EM markets [4][10] Additional Insights - The report emphasizes the importance of considering potential conflicts of interest due to Citigroup's business relationships with covered companies [6] - The data presented includes various figures and charts illustrating fund flows by geographic focus, performance comparisons, and cumulative flows over the past 52 weeks [4][10][20] Conclusion - The fund flow insights indicate a recovery in EM fund flows, particularly in Taiwan and Korea, while European funds face significant outflows. The overall market sentiment appears cautious, with varying performance across different regions and fund types [2][3][4]