EPFR Global delivers a complete and transparent picture of institutional and individual investor flows driving global markets. Strategists, traders,

Transcription

1 EPFR Global delivers a complete and transparent picture of institutional and individual investor flows driving global markets. Strategists, traders, and investors use EPFR flow and allocation data to gain the most current, global view of changing investor demand and manager positioning. Trading and allocation strategies leverage EPFR historical and current data to improve returns and manage risk.

2 Series sourced through direct relationships with fund managers and administrators; Managers provide data as part of their normal accounting process built on relationships 20+ years old. The universe covers over $24 trillion in globally domiciled funds. EPFR flows are available at either the asset class aggregate, fund group, investment manager, individual fund and share class levels to support the most granular and informed insights. Comprehensive, transparent, and robust daily, weekly, monthly updates available in addition to historical time series. 2

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7 US equity fund flows since January 2009 retail vs institutional US Institutional Investors US Retail investors US Retail investors missed the big US Equity rally between Q2/2010 and Q1/2011. Retail investors return Jan 2011 in time for the Mar 2011 correction. Only US institutional investors were the main buyers at the bottom. 7

8 Create aggregate charts and fund/manager detail views 8

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11 Market Timing & Directional Signals Foreign investor fund flows can be a useful leading indicator especially at the country level and particularly in Emerging Markets. In many asset classes comparing retail vs. institutional fund flows provides additional insight ahead of market inflection points. Country and sector flows can be leading indicators of broader market direction. Relative strength of flows to favored vs. unfavored countries/sectors helps investors decide when to get in or out. Momentum Indicators: Country/Sector Selection Global fund managers country or sector weightings provide additional data as a momentum signal and adds value in multifactor equity allocation models. Asset Allocation & Benchmarking Allocators cross-check their positioning with industry peers based on monthly allocations data. Portfolio managers compare their allocations with peers for performance analysis. Measuring Risk Monitoring flows into asset classes provides a useful signal of investor risk appetite. Similarly, fund manager positioning (for example cash positions) indicates changing fund manager risk appetite. 11

12 Underlying EPFR Data Fund Flows Equity, Bond, Money Market, Balanced and Speciality fund groups Intraday/Daily/Weekly/Monthly data that track net flows (investor contributions/redemptions) for individual funds and fund groups Filters to separate flows by Retail vs. Institutional investor, ETF vs. MF, Active vs. Passive, and by Domicile (country of domicile), Currency (currency of fund), or Benchmark Net flows exclude portfolio performance and currency effect Equity history to Jan 1995 (Monthly), Oct 2000 (Weekly), and May 2007 (Daily) Bond history to Jan 2004 (Monthly), Apr 2004 (Weekly), and May 2007 (Daily) Country Allocations Equity and Bond fund groups Monthly data tracking the aggregate country and regional weightings, in % terms, of fund groups such as Global, GEM etc., as well as of individual asset managers and funds Equity history to Jan 1995 (GEM funds) and Jan 2001 (Global funds) Bond history to Nov 2001 (GEM funds) and Jul 2005 (Global funds) Sector/Industry Allocations Equity fund groups Monthly data that track the aggregate sector/industry (GICS I/II) weightings, in % terms, of fund groups such as Global, GEM etc., as well as of individual asset managers and funds History to 2006 Country Flows Equity and Bond fund groups Daily/Weekly/Monthly data that track the flow of money into (and out of) individual countries and regions Equity history to March 1995 (Monthly), Oct 2000 (Weekly), May 2007 (Daily) Bond history to Jan 2004 (Monthly), Apr 2004 (Weekly), May 2007 (Daily) Sector/Industry Flows Equity fund groups Daily/Weekly/Monthly data that track the flow of money in/out of individual sectors/industries (GICS I/II) History to Jan 1995 (Monthly), Oct 2000 (Weekly), May 2007 (Daily) Investment Models & Strategies EPFR offers back-tested trading strategies combining flows, allocations and valuation data + EPFR Analyst support as needed: Equity Sector rotation strategies Equity Country/regional selection (EM, Global) Multi-asset models & FX signals Research Offering EPFR Chartbook: Regular research report highlighting recent global trends from a flow and allocation perspective Delivery Options Interactive access via web-based user interface FTP delivery /web delivery of EPFR Chartbook Haver Analytics delivery Premium Services: Personalized daily/weekly/monthly charts and Excel reports delivered by e.g. flows by country, sector, or asset class Ad-hoc delivery of EPFR research notes Calls with EPFR macro and quant analysts 12

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14 NORTH AMERICA Simon Ringrose Managing Director, Global Sales (Boston) t: x 30 m: simon.ringrose@epfrglobal.com Jean-Claude Moos North America Sales (Los Angeles) t: m: jcmoos@epfrglobal.com Haley West North America Sales (New York) t: m: haley.west@epfrglobal.com Patrick Paradiso Director of Sales, Global Accounts (New York) m: patrick.paradiso@epfrglobal.com EMEA Rikolv Hatlehol-Desai EMEA Sales (London) t: rikolv@epfrglobal.com Senaria Karim EMEA Account Manager (London) t: senaria@epfrglobal.com ASIA PACIFIC Elizabeth Badolato Asia Pacific Sales (Hong Kong) t: m: elizabeth.badolato@epfrglobal.com Susan Chow Account Manager, Asia Pacific (Hong Kong) t: m: susan.chow@epfrglobal.com Robert Sheridan Asia Pacific Sales (SE Asia) m: robert.sheridan@epfrglobal.com Young-Il Sunwoo Asia Pacific Sales (Seoul) m: yisunwoo@dreamwiz.com Ian Wilson Managing Director, Fund Data t: x 43 ian.wilson@epfrglobal.com Adam Longenecker Director of Quantitative Research t: x 44 adam.longenecker@epfrglobal.com Todd Willits Director of Client Services t: x 27 todd@epfrglobal.com 14