Global Equity Assets Report
|
|
- Bridget McKenzie
- 5 years ago
- Views:
Transcription
1 Global Equity Assets Report GEAR Q New York Raleigh London Paris Vienna Frankfurt Hong Kong Tokyo Cape Town
2 Introduction The Global Equity Assets Report (GEAR) is a global view of institutional asset flows within and across the world s major equity markets. The top-down view of asset flows can be used to inform investor relations strategy and help explain regional institutional ownership shifts in your own company and sector. Table of Contents Global Equity Asset Overview... 4 Geographic Investment Summary by Region... 5 Geographic Drill-Down:... 6 Geographic Investment Summary by Sector... 7 Sector Drill-Down: Global Basic Materials... 8 Global Consumer Goods... 9 Global Consumer Services Global Energy Global Financials Global Healthcare Global Industrials Global Technology Global Utilities All rights reserved. None of Ipreo, its affiliates, or any of their third party providers is liable for any informational errors, incompleteness, or delays, or for any actions or decisions taken by any person as a result of any information contained herein Ipreo. All rights reserved.
3 Q3 Overview As global markets bounced back from the Brexit vote shock, the third quarter posted modest gains amid better than expected corporate earnings and steady economic data. Towards the latter end of the quarter, focus shifted back to interest rates (once again) as expectations of a hike from the Federal Reserve were bolstered by improving economic conditions. Additionally, the upcoming U.S. Presidential election continued to make its presence known and helped temper overall investor sentiment. Ownership Highlights Institutional assets, in USD terms, increased in all regions with seeing the largest jump (+6.7%) on a percentage basis amid a strong yen. Overall, total reported institutional assets increased by 3.8% sequentially. -based institutions controlled 52.7% of reported equity assets at the end of the third quarter, down slightly from 53.0% at the end of the second quarter. Seven of the nine sectors posted net inflows during the quarter, with Financials and Healthcare seeing the only outflows. Financials saw a net outflow of $7.9B during the quarter, reversing course from the $46.2B inflow seen in the prior quarter. Healthcare posted a withdrawal of $9.1B, building upon the $24.6B outflow seen in Q2 as Pharmaceuticals continues to face pressure on pricing. Ipreo will produce GEAR on a quarterly basis. We look forward to your feedback on the report and plan to make modifications to the report to ensure its usefulness in your investor relations and other corporate activities. If you would Institutions like additional that invest information passively on using the flow indexing of assets as specifically for your company, let us know. Please send any requests for more information and your feedback to capitalmarkets@ipreo.com 3 All rights reserved. None of Ipreo, its affiliates, or any of their third party providers is liable for any informational errors, incompleteness, or delays, or for any actions or decisions taken by any person as a result of any information contained herein Ipreo. All rights reserved.
4 Global Equity Asset Overview Historical Trends in Reported Equities GEAR Q Q3 Tot. Val. D: 4.0% Q3 Tot. Val. D: 3.3% Asia/ Pacific Ex. Q3 Tot. Val. D: 4.5% Q3 Tot. Val. D: 6.7% Middle East/ Africa Q3 Tot. Val. D: 3.0% Latin America Q3 Tot. Val D: 5.1% Historical Change in Reported Equity Assets by Region Total Reported Equity Assets Sequential Change in Total Reported Equity Assets (%) 9/30/2016 6/30/2016 3/31/ /31/2015 9/30/2015 9/30/2016 6/30/2016 3/31/ /31/2015 9/30/ ,462, ,689, ,443, ,738, ,915, % 1.05% -1.24% 3.59% -9.58% 10,071, ,687, ,940, ,016, ,767, % -2.55% -0.76% 2.54% % Asia/Pac. Ex. 7,494, ,169, ,147, ,489, ,852,682.9 Asia/Pac. Ex. 4.54% 0.30% -4.56% 9.30% % 2,432, ,279, ,217, ,295, ,991, % 2.83% -3.44% 15.27% -8.50% Latin America 827, , , , ,583.2 Latin America 5.11% 3.54% 7.56% -1.12% % Middle East/Africa 1,114, ,081, ,075, ,065, ,087,718.6 Middle East/Africa 2.99% 0.55% 1.00% -2.08% % Total: 46,402, ,694, ,584, ,311, ,330,052.3 Total: 3.82% 0.25% -1.60% 4.57% % The Ipreo global historical dataset includes some investor types not included throughout the remainder of the report. Aggregate figures presented above are to be interpreted as "all known equity assets," acknowledging that disclosure lags are more prevalent amongst some of the included entities. Performance and sequential change figures may appear understated relative to other data presented through the remainder of the report. Page 4
5 Geographic Investment Summary by Region Global Reported Investor Activity by Region GEAR Q Net Buy & Sell Activity by Region Summary Points Security Domicile Region North America Asia/Pac. Ex. Middle East/Africa Latin America Asia/Pac. Ex. Middle East/Africa Latin America Total The third quarter saw continued buying momentum from the prior quarter as five of the six security regions recorded net capit al inflows. Latin America took the top spot in equity flows on a percentage basis after realizing a 1.1% increase during the quarter. Conversely, Europ e witnessed the only outflow, posting a loss of 0.5%, and changing direction from the 0.2% inflow seen in the prior quarter. also ch anged course this quarter, seeing an inflow of 0.4% following a 0.1% decline in the second quarter. Meanwhile, showed continued strength, posting a 0.8% inflow for the quarter following a 1.0% uptick in the second quarter. Meanwhile, posted the largest increase in dollar value invested (+8.1%) as the APAC ex. region trailed close behi nd with an increase of 7.6% in the third quarter. Additionally APAC ex. reported the greatest increase in portfolio allocation (+0.35%), while realized the largest drop with a 0.36% decrease. Notably, and Latin America were the only other two regions to record an increase in portfolio allocation by region, posting a 0.14% and 0.03% increase, respectively. Finally, noticed a decrease of 0.09% while the Middle East/Africa recorded a drop of 0.06%. 6.0% Security Domicile Region North Asia/Pac. Middle Latin America Ex. East/Africa America 0.2% -0.9% 2.3% 0.1% -0.7% 0.5% 1.4% -0.3% 3.3% -3.8% 3.7% 3.2% Asia/Pac. Ex. 2.9% -1.2% -0.1% 3.1% 0.5% 0.3% 2.3% -0.8% 2.2% 4.7% 5.0% -1.1% Middle East/Africa 4.6% -0.7% -1.1% -3.1% 0.2% -0.8% Latin America -12.1% 24.2% -2.4% -9.9% -11.5% 0.6% Total 0.4% -0.5% 1.0% 0.8% 0.4% 1.1% Measures only the actual buying/selling activity of institutions (excluding changes in the price of the underlying security). Arrows in the top table reflect the directionality of percent net buying or selling, and are intended to serve as a quick reference. Change in Dollar Value Invested by Region (%) 4.0% 2.0% 0.0% -2.0% -4.0% -6.0% -8.0% Asia/Pac. Ex. Middle East/Africa Latin America Security Domicile Region Asia/Pac. Ex. Middle East/Africa Latin America Security Domicile Region North Asia/Pac. Middle Latin America Ex. East/Africa America 3.8% 3.1% 12.1% 7.4% 0.5% 4.7% 4.1% 4.5% 12.2% 3.3% 5.7% 8.8% Asia/Pac. Ex. 8.1% 2.8% 4.3% 9.9% 4.7% 21.5% 4.7% 1.9% 10.7% 12.1% 4.6% 4.6% Middle East/Africa 13.7% 8.4% 7.9% 1.1% -0.5% 17.2% Latin America 0.5% 29.6% 48.4% 1.0% -17.7% 9.2% Total 3.9% 4.0% 7.6% 8.1% 0.4% 7.1% Measures the overall change in dollar value (incorporating the changes in prices in underlying securities). Metric reflects a combination of price effect, overall equity allocation, and net activity. Change in Dollar Value (%) 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% -20.0% Asia/Pac. Ex. Middle East/Africa Latin America Security Domicile Region Asia/Pac. Ex. Middle East/Africa Latin America Portfolio Allocation Change by Region Security Domicile Region North Asia/Pac. Middle Latin America Ex. East/Africa America -0.29% -0.11% 0.34% 0.07% -0.02% 0.00% -0.28% -0.27% 0.58% -0.08% 0.00% 0.05% Asia/Pac. Ex. 0.26% -0.07% -0.30% 0.06% 0.00% 0.05% -1.34% -0.31% 0.04% 1.62% 0.00% -0.01% Middle East/Africa 0.60% 0.92% 0.34% 0.00% -1.95% 0.10% Latin America -0.93% 0.46% 0.41% 0.00% 0.00% 0.06% Total -0.36% -0.09% 0.35% 0.14% -0.06% 0.03% Measures the allocation adjustments between regions/sectors from the portfolio manager s standpoint (incorporating the changes in prices in underlying securities). Allocation Change (%) 2.0% 1.5% 1.0% 0.5% 0.0% -0.5% -1.0% -1.5% -2.0% Asia/Pac. Ex. Middle East/Africa Latin America Security Domicile Region Asia/Pac. Ex. Middle East/Africa Latin America Page 5
6 Geographic Drill-Down: Global Reported Investor Activity in n Equities GEAR Q n Investors an Investors Top Institutional * The Vanguard Group, Inc. 1,660, ,322.2 * BlackRock Fund Advisors 1,114, ,366.2 Millennium Management, LLC 49, ,494.8 * Geode Capital Management, LLC 192, ,058.8 Wells Fargo Bank N.A. (Asset Management) 68, ,004.9 Sub Total 3,085, ,246.9 * State Street Global Advisors, LTD 30, ,750.0 Natixis Asset Management 9, ,000.3 Nordea Investment Management (Denmark) 36, ,534.3 Royal London Asset Management, LTD 6, ,151.1 APG Asset Management N.V. 55, ,047.3 Sub Total 138, ,483.0 Korea Investment Corporation 17, ,243.4 Sumitomo Mitsui Asset Management Co., LTD 4, ,150.5 * Vanguard Investments Australia, LTD 15, ,041.4 Mitsubishi UFJ Trust & Banking Corporation 45, Mizuho Asset Management Company, LTD 15, Investors Sub Total 98, ,299.1 Fidelity Management & Research Company 653, ,350.5 J.P. Morgan Private Bank 76, ,773.9 Grantham Mayo Van Otterloo & Co., LLC 18, ,129.1 Jennison Associates, LLC 85, ,046.5 Harris Associates, L.P. 44, ,893.8 Sub Total 879, ,193.8 AEGON Asset Management N.V. (Netherlands) 4, ,803.6 AP 1/Första AP-Fonden 1, ,729.9 Banque Lombard Odier & Cie S.A. 5, ,769.7 Deutsche Asset Management (UK), LTD ,552.4 Goldman Sachs Asset Mgmt. Int'l, LTD (U.K.) 4, ,190.1 Legend Sub Total 17, ,045.7 BlackRock Investment Mgmt., LTD (Australia) 6, * BlackRock Asset Management North Asia, LTD Platinum Asset Management 3, DIAM Company, LTD 9, Tybourne Capital Management (Hong Kong), LTD 2, Sub Total 22, ,190.5 Top Net Top Net Porfolio Dollar Value Change (by Top Countries) Global Historical in n Equities Country $180,000 Chg. (M$) Country Chg. (M$) Country Chg. (M$) Change $161,082.5 United States 16,512, ,245.5 Sweden 102, ,209.6 United States 16,512, , % $160,000 United Kingdom 1,002, ,025.0 Bahamas 13, ,367.0 United Kingdom 1,002, , % 258, ,737.0 Chile 3, , , , % $140,000 Germany 106, ,109.2 Netherlands 124, Germany 106, , % France 97, ,382.8 Canada 906, France 97, , % $120,000 Denmark 63, ,331.7 Brazil 2, Norway 212, % $100,000 South Korea 33, ,293.5 Guernsey Singapore 27, % Australia 92, ,731.7 Luxembourg 13, Canada 906, % $80,000 $74,715.3 n Summary Notes Switzerland 204, Jersey Netherlands 124, % United Arab Emirates 4, Isle of Man Sweden 102, , % $60,000 $40,000 Equity investment in increased considerably during Q3, reporting an inflow of $74.7B, and reversing course from the prior quarter s $15.5B outflow. Geographically, shareholders in the United States were the top net buyers, adding $38.2B to its holdings, including large investments by The Vanguard Group, Inc. and BlackRock Fund Advisors who contributed $43.3B and $25.4B $20,000 to the region, respectively. Separately, State Street Global Advisors, LTD rotated in $9.8B and led the an region, while s Korea Investment Corporation rotated $1.2B into $1,749.5 n securities. Meanwhile, Sweden s $2.2B sell-off took the top spot as the largest withdrawal during the quarter. From that region, AP 1/Första AP-Fonden witnessed a $2.7B decrease in n holdings. Elsewhere, AEGON Asset Management N.V. (Netherlands) also contributed to an outflow of $3.8B. Lastly, BlackRock Investment Mgmt., LTD (Australia) and BlackRock Asset Management North Asia, LTD shed $415.3M and $248.6M in n securities, respectively, during the quarter, making them the top two largest sell ers from the region. -$20,000 -$40,000 -$14, $15,453.1 Page 6
7 Geographic Investment Summary by Sector Global Reported Investor Activity by Sector GEAR Q Net Buy & Sell Activity by Sector Security Sector Basic Consumer Consumer Materials Goods Services Energy Financials Healthcare Indust. Tech. Utilities Asia/Pac. Ex. Middle East/Africa Latin America Total Summary Points Capital flows continued to remain mixed in Q3, as all sectors experienced a combination of inflows and outflows across invest or regions. was the most bullish region as it posted inflows in eight of the nine sectors. Conversely,, Asia/Pac. Ex., and th e Middle East/Africa investors expressed bearish sentiment with outflows seen across five of the nine sectors. On a sector-by-sector basis, Financials and Healthcare saw net outflows, with Healthcare s 0.2% outflow being the largest. The remaining sectors experienced inflows with Energy seeing the largest ju mp with a 0.7% increase. Meanwhile, the dollar value invested jumped substantially in eight of the nine sectors, and improved from the previous quarte r. The dollar value invested by sector increased an average of 3.36% this quarter, compared to the 1.31% average increase seen in Q2. The steepest gain wa s realized in the Technology sector as it climbed 6.9%, while Utilities saw the only decline as it dipped 3.6%. Finally, four of the nine secto rs observed net increases in portfolio allocation, led by Technology s 0.47% gain and Financials 0.17% increase. Healthcare and Utilities saw the largest declines in allocation during the quarter, with losses of 0.40% and 0.28%, respectively. Basic Materials Consumer Goods Security Sector Consumer Services Energy Financials Healthcare Indust. Tech. Utilities -0.2% 0.4% -0.4% 1.1% -0.3% -0.4% 0.0% 0.7% 1.2% 0.8% 0.3% 0.6% 0.1% -0.4% 0.1% 0.3% 0.2% -0.6% Asia/Pac. Ex. -0.2% -0.2% 0.4% -0.3% 0.1% -0.5% 0.4% -0.1% 0.4% 2.1% 0.9% 2.3% 2.2% 1.7% 0.8% 0.1% 2.0% -0.9% Middle East/Africa -1.4% -0.7% 1.0% 0.4% 1.3% -1.0% -0.5% -0.1% 0.1% Latin America 3.6% 0.2% -1.2% 0.3% 0.6% 0.3% 1.0% -2.3% 1.0% Total 0.1% 0.3% 0.0% 0.7% -0.1% -0.2% 0.1% 0.6% 0.5% Measures only the actual buying/selling activity of institutions (excluding changes in the price of the underlying security). Arrows in the top table reflect the directionality of percent net buying or selling, and are intended to serve as a quick reference. (%) 3.0% 2.0% 1.0% 0.0% -1.0% -2.0% -3.0% Asia/Pac. Ex. Middle East/Africa Latin America Security Sector Basic Materials Consumer Goods Consumer Services Energy Financials Healthcare Indust. Tech. Utilities Change in Dollar Value Invested by Sector Basic Materials Consumer Goods Security Sector Consumer Services Energy Financials Healthcare Indust. Tech. Utilities 4.1% 1.0% 2.0% 3.2% 3.3% 0.2% 4.6% 8.2% -6.8% 11.5% 3.2% 5.1% 0.6% 6.4% 0.1% 7.5% 4.9% -2.2% Asia/Pac. Ex. 5.6% 6.0% 5.8% 5.0% 6.6% 3.3% 4.3% 3.7% 2.0% 18.4% 11.9% 6.1% 5.7% 7.2% -0.8% 10.5% 5.6% -0.2% Middle East/Africa 0.3% 4.6% 12.6% 3.6% 3.3% -3.9% 3.4% 8.8% -7.3% Latin America 34.5% 16.7% 2.5% 31.1% 10.8% 5.2% 2.9% 1.1% 4.8% Total 6.7% 3.2% 3.2% 3.3% 4.8% 0.3% 5.5% 6.9% -3.6% Measures the overall change in dollar value (incorporating the changes in prices in underlying securities). Metric reflects a combination of price effect, overall equity allocation, and net activity. Change in Dollar Value (%) 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% Asia/Pac. Ex. Middle East/Africa Latin America Security Sector Basic Materials Consumer Goods Consumer Services Energy Financials Healthcare Indust. Tech. Utilities Portfolio Allocation Change by Sector Basic Materials Consumer Goods Security Sector Consumer Services Energy Financials Healthcare Indust. Tech. Utilities 0.03% -0.23% -0.15% 0.01% 0.04% -0.39% 0.15% 0.85% -0.31% 0.30% -0.16% 0.08% -0.28% 0.41% -0.44% 0.33% 0.08% -0.30% Asia/Pac. Ex. 0.03% 0.08% 0.04% -0.02% 0.41% -0.07% -0.10% -0.20% -0.16% 0.49% 0.77% -0.22% -0.04% -0.14% -0.63% 0.29% -0.39% -0.13% Middle East/Africa -0.57% 0.03% 0.56% -0.02% -0.27% -0.15% -0.04% 0.99% -0.53% Latin America 0.71% 0.25% -0.49% 2.58% -0.59% -0.15% -0.61% -0.26% -1.45% Total 0.11% -0.09% -0.09% -0.05% 0.17% -0.40% 0.16% 0.47% -0.28% Measures the allocation adjustments between regions/sectors from the portfolio manager s standpoint (incorporating the changes in prices in underlying securities). Allocation Change (%) 2.0% 1.5% 1.0% 0.5% 0.0% -0.5% -1.0% -1.5% -2.0% Asia/Pac. Ex. Middle East/Africa Latin America Security Sector Basic Materials Consumer Goods Consumer Services Energy Financials Healthcare Indust. Tech. Utilities Page 7
8 Sector Drill-Down: Global Basic Materials Global Reported Investor Activity in the Basic Materials Sector GEAR Q n Investors an Investors Top Institutional * The Vanguard Group, Inc. 75, ,837.5 Van Eck Associates Corporation 19, ,265.9 * BlackRock Fund Advisors 49, ,298.7 Wellington Management Company, LLP 9, Highfields Capital Management, L.P. 1, Sub Total 155, ,443.4 * BlackRock Advisors (U.K.), LTD 7, BlackRock Investment Management (U.K.), LTD 24, Flossbach von Storch AG Amundi Asset Management S.A. 3, SEB Investment Management AB 1, Sub Total 37, ,727.3 Daiwa SB Investments, LTD () Nikko Asset Management Company, LTD 3, Tianhong Asset Management Company, LTD Sumitomo Mitsui Trust Bank, LTD 4, Sumitomo Mitsui Trust Asset Mgmt. Company, LTD 2, Investors Sub Total 11, ,391.3 T. Rowe Price Associates, Inc. 12, ,213.7 Glenview Capital Management, LLC 1, ,037.0 Pershing Square Capital Management, L.P Fidelity Management & Research Company 22, Orbis Investment Management, LTD 1, Sub Total 38, ,827.1 * Lyxor Asset Management S.A. 2, Norges Bank Investment Management (Norway) 26, Bpifrance Participations S.A Silchester International Investors, LLP 1, Schroder Investment Management, LTD 5, Legend Sub Total 36, ,476.6 Colonial First State Global Asset Management 2, Schroder Investment Management (Australia), LTD 1, Yuanta Security Investment Trust Company Lombarda China Fund Management Company, LTD Platinum Asset Management Sub Total 4, ,030.7 Top Net Top Net Porfolio Dollar Value Change (by Top Countries) Global Historical in Energy Equities Country Chg. (M$) Country Chg. (M$) Country Chg. (M$) Change 107, ,243.8 South Africa 18, , , , % United Kingdom 171, ,636.0 United States 681, United Kingdom 171, , % Sweden 13, South Korea 31, Sweden 13, % China 169, France 25, Germany 34, % Germany 34, Norway 36, Singapore 10, % Singapore 10, Bermuda 1, Netherlands 12, % Brazil 8, Bahamas 2, Canada 63, % Spain 4, India 31, Norway 36, % Finland 4, Australia 20, France 25, % Luxembourg 4, Canada 63, United States 681, % Sub Total 528, ,224.4 Sub Total 912, ,816.5 $15,000 $10,000 $5,000 -$5,000 -$10,000 -$15,000 $9, $9,040.3 $366.8 $9,405.1 $1,528.1 Page 8
9 Sector Drill-Down: Global Consumer Goods Global Reported Investor Activity in the Consumer Goods Sector GEAR Q n Investors an Investors Top Institutional Millennium Management, LLC 10, ,375.6 * The Vanguard Group, Inc. 235, ,351.9 * BlackRock Fund Advisors 151, ,416.4 MFS Investment Management 35, ,656.4 Oaktree Capital Management, L.P. 1, ,212.8 Sub Total 435, ,013.1 Genesis Investment Management, LLP 7, ,713.3 Robeco Institutional Asset Management B.V. 5, ,159.6 APG Asset Management N.V. 18, Bluecrest Capital Management (Switzerland) Flossbach von Storch AG 4, Sub Total 36, ,872.9 Nomura Asset Management Company, LTD 22, ,150.9 Daiwa Asset Management Company, LTD 9, Nikko Asset Management Company, LTD 10, Sunshine Insurance Group Corp., LTD (Investment) 1, Sumitomo Mitsui Trust Bank, LTD 14, Investors Sub Total 58, ,585.9 Fidelity Management & Research Company 81, ,697.9 Capital World Investors (U.S.) 72, ,499.0 BlackRock Advisors, LLC 25, ,678.6 Harris Associates, L.P. 14, ,611.0 Grantham Mayo Van Otterloo & Co., LLC 7, ,358.2 Sub Total 201, ,844.8 BlackRock Investment Management (U.K.), LTD 35, ,608.8 INVESCO Asset Management, LTD (U.K.) 9, SEB Investment Management AB 3, AEGON Asset Management N.V. (Netherlands) 1, * Assenagon GmbH 2, Legend Sub Total 52, ,560.5 CDH Investments Management (Hong Kong), LTD 3, ,250.9 Samsung Asset Management Company, LTD 3, Yuanta Security Investment Trust Company Korea Value Asset Management Mirae Asset Global Investments Company, LTD 2, Sub Total 11, ,001.2 Top Net Top Net Porfolio Dollar Value Change (by Top Countries) Global Historical in Energy Equities Country Chg. (M$) Country Chg. (M$) Country Chg. (M$) Change United States 2,178, ,988.2 South Korea 169, ,812.1 United States 2,178, , % 424, ,830.0 Hong Kong 54, , , , % China 135, ,118.0 Canada 90, Netherlands 43, , % Netherlands 43, ,503.2 Sweden 60, France 94, % Switzerland 113, United Kingdom 518, Germany 71, % France 94, Bahamas 4, Singapore 38, % India 57, South Africa 15, Norway 86, % Germany 71, Taiwan 13, United Kingdom 518, % Denmark 18, Mexico 1, Sweden 60, % Singapore 38, Australia 14, Canada 90, % Sub Total 3,177, ,261.5 Sub Total 944, ,447.8 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 -$10,000 $53,625.0 $12, $2,726.8 $8,150.0 $13,971.5 Page 9
10 Sector Drill-Down: Global Consumer Services Global Reported Investor Activity in the Consumer Services Sector GEAR Q n Investors an Investors Top Institutional * The Vanguard Group, Inc. 266, ,036.0 * BlackRock Fund Advisors 176, ,156.7 T. Rowe Price Associates, Inc. 101, ,248.3 Lone Pine Capital, LLC (U.S.) 8, ,197.9 Barrow Hanley Mewhinney & Strauss, LLC 7, ,694.1 Sub Total 560, ,332.9 Nordea Investment Management (Denmark) 8, ,399.6 Genesis Investment Management, LLP 3, ,270.3 HSBC Global Asset Management (U.K.), LTD 8, ,167.9 * State Street Global Advisors, LTD 13, ,126.2 Natixis Asset Management 4, Sub Total 38, ,620.4 Nomura Asset Management Company, LTD 17, ,673.1 Sumitomo Mitsui Trust Bank, LTD 8, ,018.1 * BlackRock Company, LTD 7, Nikko Asset Management Company, LTD 7, Daiwa Asset Management Company, LTD 8, Investors Sub Total 49, ,173.9 Fidelity Management & Research Company 122, ,989.9 Capital World Investors (U.S.) 95, ,909.5 Jennison Associates, LLC 21, ,056.9 Russell Investment Management Company 6, ,062.8 J.P. Morgan Investment Management, Inc. 35, ,062.8 Sub Total 282, ,081.9 BlackRock Investment Management (U.K.), LTD 39, ,700.3 Newton Investment Management, LTD 7, J.P. Morgan Asset Management (UK), LTD 14, AEGON Asset Management N.V. (Netherlands) 1, * Lyxor Asset Management S.A. 3, Legend Sub Total 66, ,318.9 Temasek Holdings Pte., LTD 11, ,503.2 Fidelity Management & Research (Hong Kong), LTD 1, Hillhouse Capital Management, LTD 3, J.P. Morgan Asset Management (), LTD 1, Tybourne Capital Management (Hong Kong), LTD 1, Sub Total 18, ,553.7 Top Net Top Net Porfolio Dollar Value Change (by Top Countries) Global Historical in Energy Equities Country Chg. (M$) Country Chg. (M$) Country Chg. (M$) Change 248, ,543.1 United States 2,827, , , , % United Kingdom 479, ,161.9 Singapore 35, United Kingdom 479, , % China 118, ,607.0 Germany 37, Canada 115, , % Denmark 18, ,527.7 Brazil 5, Norway 72, % Canada 115, ,265.8 Luxembourg 5, France 62, % Australia 47, ,093.9 Hong Kong 36, Sweden 55, % Qatar 8, South Korea 25, Netherlands 32, % Norway 72, Poland 2, Germany 37, % Mexico 4, Kuwait 3, Singapore 35, % Switzerland 46, Bahamas 3, United States 2,827, , % Sub Total 1,159, ,039.8 Sub Total 2,983, ,252.0 $20,000 $15,000 $10,000 $5,000 -$5,000 -$10,000 -$15,000 -$20,000 -$25,000 -$30,000 -$35,000 -$4,527.5 $15, $28, $2,872.6 $1,415.5 Page 10
11 Sector Drill-Down: Global Energy Global Reported Investor Activity in the Energy Sector GEAR Q n Investors an Investors Top Institutional Capital World Investors (U.S.) 50, ,940.9 * The Vanguard Group, Inc. 141, ,905.6 * BlackRock Fund Advisors 86, ,730.8 Citadel Advisors, LLC 3, ,297.5 Deutsche Investment Management Americas, Inc. 1, Sub Total 283, ,747.3 Natixis Asset Management 4, * Vanguard Asset Management, LTD 1, Schroder Investment Management, LTD 7, * State Street Global Advisors, LTD 7, APG Asset Management N.V. 8, Sub Total 29, ,097.1 Sumitomo Mitsui Trust Asset Mgmt. Company, LTD 5, BT Investment Management AMP Capital Investors, LTD 1, Nikko Asset Management Company, LTD 1, RARE Infrastructure, LTD Investors Sub Total 9, ,283.2 RREEF America, LLC 2, Templeton Global Advisors, LTD 5, Corvex Management, L.P Zimmer Partners, L.P. 1, J.P. Morgan Private Bank 3, Sub Total 13, ,701.2 BlackRock Investment Management (U.K.), LTD 23, ,036.3 Henderson Global Investors, LTD (U.K.) 2, AEGON Asset Management N.V. (Netherlands) Swedbank Robur Fonder AB 1, Gulf International Bank (U.K.), LTD Legend Sub Total 29, ,247.7 Perpetual Investment Management, LTD * Hang Seng Investment Management, LTD 1, E Fund Management Company, LTD Birla Sun Life Asset Management Company, LTD Life Insurance Corporation of India 13, Sub Total 16, Top Net Top Net Porfolio Dollar Value Change (by Top Countries) Global Historical in Energy Equities Country Chg. (M$) Country Chg. (M$) Country Chg. (M$) Change United States 1,459, ,293.9 United Kingdom 210, ,593.7 United States 1,459, , % Russian Federation 94, ,876.6 Hong Kong 20, ,524.6 France 41, , % France 41, ,324.0 Bahamas 5, Canada 141, , % Canada 141, ,248.0 China 255, , % 34, India 102, Norway 76, % Australia 17, Sweden 10, Singapore 9, % Norway 76, Malaysia 5, Germany 16, % South Korea 14, Finland 1, Netherlands 17, % Italy 19, Spain 7, Sweden 10, % Switzerland 25, Greece United Kingdom 210, , % Sub Total 1,924, ,477.5 Sub Total 620, ,487.9 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $15,516.4 $9,255.3 $28,723.2 $17,475.5 $17,852.5 Page 11
12 Sector Drill-Down: Global Financials Global Reported Investor Activity in the Financials Sector GEAR Q n Investors an Investors Top Institutional * The Vanguard Group, Inc. 475, ,726.8 * BlackRock Fund Advisors 313, ,970.5 * Geode Capital Management, LLC 42, ,866.3 * Invesco PowerShares Capital Management, LLC 14, ,414.7 Principal Global Investors, LLC 27, ,235.6 Sub Total 874, ,213.9 * BlackRock Advisors (U.K.), LTD 36, ,706.9 Standard Life Investments, LTD (U.K.) 19, ,657.7 Genesis Investment Management, LLP 8, ,603.2 APG Asset Management N.V. 39, Tikehau Investment Management Sub Total 104, ,700.5 Mizuho Asset Management Company, LTD 17, ,222.3 Perpetual Investment Management, LTD 5, Nomura Asset Management Company, LTD 15, DIAM Company, LTD 17, Daiwa Asset Management Company, LTD 23, Investors Sub Total 78, ,049.2 PIMCO - Pacific Investment Management Company 4, ,625.6 Russell Investment Management Company 13, ,370.7 Loomis Sayles & Company, L.P. 5, ,846.4 Fidelity Management & Research Company 147, ,371.6 Harris Associates, L.P. 29, ,231.1 Sub Total 200, ,445.4 INVESCO Asset Management, LTD (U.K.) 29, ,714.8 BlackRock Investment Management (U.K.), LTD 61, ,165.7 * Lyxor Asset Management S.A. 10, ,003.5 * State Street Global Advisors, LTD 23, AP 1/Första AP-Fonden 2, Legend Sub Total 126, ,675.0 * Hang Seng Investment Management, LTD 8, Life Insurance Corporation of India 16, HDFC Asset Management Company, LTD 3, * BlackRock Company, LTD 9, Aberdeen Asset Management Asia, LTD 6, Sub Total 44, ,190.0 Top Net Top Net Porfolio Dollar Value Change (by Top Countries) Global Historical in Energy Equities Country Chg. (M$) Country Chg. (M$) Country Chg. (M$) Change 373, ,074.7 United States 3,954, , , , % China 837, ,845.8 Germany 82, ,022.6 Sweden 106, , % South Africa 57, ,322.3 Hong Kong 172, ,932.5 United Kingdom 740, % Sweden 106, ,125.5 Spain 77, ,908.1 Singapore 111, % United Arab Emirates 44, Canada 350, ,443.0 Netherlands 88, % Denmark 27, France 149, Norway 150, % Qatar 47, Norway 150, France 149, % United Kingdom 740, Netherlands 88, Canada 350, , % India 112, Philippines 25, Germany 82, , % Australia 101, Kuwait 11, United States 3,954, , % Sub Total 2,450, ,319.3 Sub Total 5,063, ,900.8 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 -$10,000 -$20,000 -$30,000 $48,967.8 $18, $20,727.7 $46, $7,901.4 Page 12
13 Sector Drill-Down: Global Healthcare Global Reported Investor Activity in the Healthcare Sector GEAR Q n Investors an Investors Top Institutional * The Vanguard Group, Inc. 255, ,515.9 * BlackRock Fund Advisors 176, ,519.9 * Geode Capital Management, LLC 29, ,397.6 Deutsche Bank Trust Company Americas 7, Delaware Investments 8, Sub Total 477, ,983.2 Baillie Gifford & Company, LTD 13, ,069.3 * State Street Global Advisors, LTD 13, Nordea Investment Management (Denmark) 12, APG Asset Management N.V. 12, Robeco Institutional Asset Management B.V. 2, Sub Total 55, ,877.6 Nomura Asset Management Company, LTD 8, Daiwa Asset Management Company, LTD 4, * BlackRock Company, LTD 5, * Vanguard Investments Australia, LTD 3, Korea Investment Corporation 2, Investors Sub Total 24, ,403.3 Fidelity Management & Research Company 125, ,222.0 T. Rowe Price Associates, Inc. 97, ,378.9 Viking Global Investors, L.P. 3, ,604.5 Wellington Management Company, LLP 113, ,465.0 J.P. Morgan Private Bank 5, ,417.7 Sub Total 346, ,088.1 Henderson Global Investors, LTD (U.K.) 7, Fidelity Int'l Limited - FIL Investment Svcs. (U.K.), LTD 10, BlackRock Investment Management (U.K.), LTD 37, AEGON Asset Management N.V. (Netherlands) 1, Artemis Fund Managers, LTD 2, Legend Sub Total 58, ,379.3 GIC Asset Management Pte., LTD 2, Colonial First State Global Asset Management 3, Nikko Asset Management (Asia), LTD J.P. Morgan Asset Management (), LTD 1, Kunwu Jiuding Capital Co. Ltd Sub Total 7, ,974.3 Top Net Top Net Porfolio Dollar Value Change (by Top Countries) Global Historical in Energy Equities Country Chg. (M$) Country Chg. (M$) Country Chg. (M$) Change Germany 53, ,104.5 United States 2,704, ,694.0 Germany 53, , % 138, ,081.9 United Kingdom 356, , , , % Switzerland 97, Sweden 41, Netherlands 28, % Netherlands 28, Singapore 13, Canada 77, % Denmark 31, Hong Kong 16, France 70, % Canada 77, Australia 22, Norway 67, % France 70, Luxembourg 5, Singapore 13, % India 10, Israel 2, Sweden 41, % Norway 67, South Korea 16, United Kingdom 356, , % Ireland 6, Thailand 1, United States 2,704, , % Sub Total 580, ,542.7 Sub Total 3,181, ,648.8 $50,000 $40,000 $30,000 $20,000 $10,000 -$10,000 -$20,000 -$30,000 $39,581.9 $4, $4, $9, $24,574.2 Page 13
14 Sector Drill-Down: Global Industrials Global Reported Investor Activity in the Industrials Sector GEAR Q n Investors an Investors Top Institutional * The Vanguard Group, Inc. 220, ,977.6 * BlackRock Fund Advisors 147, ,478.6 Fidelity Management & Research Company 65, ,254.5 Deutsche Bank Trust Company Americas 5, * Geode Capital Management, LLC 22, Sub Total 462, ,649.6 MFS International (U.K.), LTD 8, Nordea Investment Management (Denmark) 4, Amundi Asset Management S.A. 9, AMF Fonder AB 2, Cevian Capital AB 5, Sub Total 30, ,537.9 Nomura Asset Management Company, LTD 18, Daiwa Asset Management Company, LTD 8, Nikko Asset Management Company, LTD 9, Mitsubishi UFJ Kokusai Asset Management Co., LTD 4, * Vanguard Investments Australia, LTD 3, Investors Sub Total 43, ,442.8 Capital Research Global Investors (U.S.) 36, ,096.9 Harris Associates, L.P. 14, ,335.8 Russell Investment Management Company 5, ,083.8 Barrow Hanley Mewhinney & Strauss, LLC 8, J.P. Morgan Private Bank 3, Sub Total 68, ,366.9 * State Street Global Advisors, LTD 11, Schroder Investment Management, LTD 11, INVESCO Asset Management, LTD (U.K.) 7, AEGON Asset Management N.V. (Netherlands) AP 1/Första AP-Fonden 1, Legend Sub Total 33, ,591.8 BBL Asset Management Company, LTD Aberdeen Asset Management Asia, LTD 3, RARE Infrastructure, LTD 1, Perpetual Investment Management, LTD 1, Nalanda Capital Pte., LTD Sub Total 8, ,159.5 Top Net Top Net Porfolio Dollar Value Change (by Top Countries) Global Historical in Energy Equities Country Chg. (M$) Country Chg. (M$) Country Chg. (M$) Change China 301, ,064.7 Canada 104, Sweden 81, % Switzerland 66, ,060.7 United Kingdom 333, Norway 70, % Sweden 81, Thailand 21, , % Hong Kong 86, South Africa 8, Singapore 30, % Norway 70, Spain 33, France 100, % Denmark 13, Finland 15, United States 2,092, % 246, Bahamas 2, Netherlands 23, % Luxembourg 4, Greece Germany 66, % Australia 39, Malaysia 16, United Kingdom 333, % Singapore 30, Philippines Canada 104, % Sub Total 940, ,404.1 Sub Total 535, ,468.5 $10,000 $5,000 -$5,000 -$10,000 -$15,000 -$20,000 -$2, $4, $14,807.7 $1,878.9 $4,801.1 Page 14
15 Sector Drill-Down: Global Technology Global Reported Investor Activity in the Technology Sector GEAR Q n Investors an Investors Top Institutional * The Vanguard Group, Inc. 380, ,586.9 * BlackRock Fund Advisors 252, ,026.4 Wells Fargo Bank N.A. (Asset Management) 10, ,971.3 T. Rowe Price Associates, Inc. 108, ,416.4 * Geode Capital Management, LLC 45, ,940.7 Sub Total 796, ,941.7 * State Street Global Advisors, LTD 16, ,837.6 Genesis Investment Management, LLP 4, Amundi Asset Management S.A. 10, Nordea Investment Management (Denmark) 14, Newton Investment Management, LTD 10, Sub Total 56, ,333.5 Sumitomo Mitsui Trust Bank, LTD 4, ,213.5 Sumitomo Mitsui Asset Management Company, LTD 2, Nikko Asset Management Company, LTD 6, Nomura Asset Management Company, LTD 13, Daiwa Asset Management Company, LTD 7, Investors Sub Total 34, ,896.8 Harris Associates, L.P. 8, ,190.1 Dodge & Cox 26, ,812.5 J.P. Morgan Private Bank 9, ,608.6 Sands Capital Management, LLC 11, ,597.4 Primecap Management Company 33, ,562.9 Sub Total 89, ,771.5 BlackRock Investment Management (U.K.), LTD 46, ,865.8 Banque Lombard Odier & Cie S.A. 2, AEGON Asset Management N.V. (Netherlands) 1, Schroder Investment Management, LTD 16, Veritas Asset Management, LLP 3, Legend Sub Total 70, ,753.6 Platinum Asset Management 3, Caledonia (Private) Investments Pty., LTD 1, Advance Asset Management, LTD KB Asset Management State Street Global Advisors Asia, LTD 2, Sub Total 8, ,092.3 Top Net Top Net Porfolio Dollar Value Change (by Top Countries) Global Historical in Energy Equities Country Chg. (M$) Country Chg. (M$) Country Chg. (M$) Change United States 3,736, ,419.7 Taiwan 43, ,149.5 United States 3,736, , % 336, ,645.7 Switzerland 70, , , % United Kingdom 500, ,750.3 Spain 32, United Kingdom 500, , % Canada 163, Bermuda 5, Canada 163, % Denmark 23, France 96, Singapore 68, % Singapore 68, South Korea 51, Norway 98, % Norway 98, Australia 41, Netherlands 44, % Italy 8, Portugal Sweden 67, % India 73, Brazil 3, Germany 122, % China 301, United Arab Emirates 6, France 96, % Sub Total 5,311, ,127.5 Sub Total 352, ,982.1 $60,000 $40,000 $20,000 -$20,000 -$40,000 -$60,000 -$80,000 $3,950.8 $19, $15,314.3 $35, $68,939.9 Page 15
16 Sector Drill-Down: Global Utilities Global Reported Investor Activity in the Utilities Sector GEAR Q n Investors an Investors Top Institutional * The Vanguard Group, Inc. 74, ,469.1 * BlackRock Fund Advisors 56, ,054.8 T. Rowe Price Associates, Inc. 14, ,028.3 Franklin Advisers, Inc. 11, Capital Research Global Investors (U.S.) 18, Sub Total 176, ,265.4 * Lyxor Asset Management S.A. 2, * BlackRock Advisors (U.K.), LTD 5, Amundi Asset Management S.A. 3, * State Street Global Advisors, LTD 4, J.P. Morgan Asset Management (UK), LTD 4, Sub Total 19, ,021.0 Caitong Fund Management Company, LTD RARE Infrastructure, LTD 1, Nomura Asset Management Company, LTD 1, Maple-Brown Abbott, LTD Magellan Asset Management, LTD Investors Sub Total 4, RREEF America, LLC 2, ,503.2 Arrowstreet Capital, L.P. 1, , Asset Management, L.P. 1, LSV Asset Management 2, Fidelity Management & Research Company 12, Sub Total 21, ,373.3 Caisse des Dépôts et Consignations 1, HSBC Global Asset Management (U.K.), LTD 1, INVESCO Asset Management, LTD (U.K.) 2, BlackRock Investment Management (U.K.), LTD 9, Old Mutual Global Investors (UK), LTD Legend Sub Total 15, ,112.0 Mitsubishi UFJ Trust & Banking Corporation 2, Lazard Asset Management Pacific Company 1, DIAM Company, LTD Aberdeen Asset Management Asia, LTD * BlackRock Company, LTD 1, Sub Total 6, Top Net Top Net Porfolio Dollar Value Change (by Top Countries) Global Historical in Energy Equities Country Chg. (M$) Country Chg. (M$) Country Chg. (M$) Change United States 577, ,018.9 United Kingdom 96, ,060.3 United States 577, , % France 60, ,782.1 Spain 24, ,915.4 France 60, , % Brazil 21, Germany 22, Sweden 5, % China 95, Canada 36, Singapore 7, % Australia 12, Chile 13, Norway 18, % Denmark 5, Netherlands 11, , % Portugal 2, Malaysia 16, Netherlands 11, % Sweden 5, , Canada 36, % India 44, Hong Kong 26, Germany 22, % Singapore 7, Luxembourg 1, United Kingdom 96, , % Sub Total 833, ,585.7 Sub Total 280, ,207.6 $16,000 $14,000 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $14,327.8 $8,091.0 $6,650.2 $10,366.1 $6,731.4 Page 16
17 Methodology GEAR Q Throughout the report, Ipreo uses the following metrics to capture institutional investment across global money centers, countries, regions, and sectors: Net Buy & Sell Activity: Measures only the actual buying/selling activity of institutions (excluding changes in the price of the underlying security). Throughout the report, Net Buy/Sell Activity may be displayed directionally (up or down arrows) as well on a percent change basis (current quarter net activity divided by prior period total). Equation: ( All Shares Bought Over Period X End-of-Period Security Price) - ( All Shares Sold Over Period X End-of-Period Security Price) Change in Dollar Value Invested: Measures the overall change in value (incorporating the changes in prices in underlying securities and changes in total allocation to equities) Equation: ( All Shares Owned as of Current Period X End-of-Period Price) - ( All Shares Owned as of Prior Period End X End-of-Prior-Period Price) Portfolio Allocation Change: Measures the allocation adjustments between regions/sectors from the portfolio manager s standpoint (incorporating the changes in prices in underlying securities). Equation: [( All Shares Owned in Region/Sector as of Current Period x End-of-Period Price) / ( All Shares Owned Globally as of Current Period x End-of-Period Price)] - [( All Shares Owned in Region/Sector as of Prior Period x End-of-Prior-Period Price) / ( All Shares Owned Globally as of Prior Period x End-of-Prior-Period Price)] Ipreo s institutional ownership data is based on publicly-disclosed information, collected from such sources as regulatory ownership filings (including SEC forms 13F/D/G), disclosures made by mutual funds / pension funds to their beneficiaries, registration statements, news releases, and other sources. It should be noted that regulatory filings and other ownership sources vary widely country-by-country as to their completeness and timeliness. When an institutional investor s complete ownership is not disclosed by requirement, Ipreo aggregates and sums the publicly-filed portfolio information from the investor to arrive at a disclosed total equity figure. Data for the beginning and end of Q can be considered a snapshot of the most current positions beginning 6/30/2016 and up to 9/30/2016, as were available as of 12/5/16. Page 14
18 To request more information, please contact: Robert Graham Lead Analyst Capital Markets Services Raleigh, NC
Global Equity Assets Report
Global Equity Assets Report GEAR Q3 2017 New York Raleigh London Paris Vienna Frankfurt Hong Kong Tokyo Cape Town www.ipreo.com Introduction The Global Equity Assets Report (GEAR) is a global view of institutional
More informationQ IPREO REGIONAL FLOW OF FUNDS SERIES
Q4 2017 IPREO REGIONAL FLOW OF FUNDS SERIES Flow of Funds: Market Overview S&P Developed REIT Index (ex-japan, with dividends, USD base) started with a 0.8% drop in October, gaining 3% in November and
More informationSan Francisco Retiree Health Care Trust Fund Education Materials on Public Equity
M E K E T A I N V E S T M E N T G R O U P 5796 ARMADA DRIVE SUITE 110 CARLSBAD CA 92008 760 795 3450 fax 760 795 3445 www.meketagroup.com The Global Equity Opportunity Set MSCI All Country World 1 Index
More informationInvestments in Israeli banks. A research paper prepared for BankTrack
Investments in Israeli banks A research paper prepared for BankTrack Investments in Israeli banks A research paper prepared for BankTrack Barbara Kuepper 24 February 2016 Naritaweg 10 1043 BX Amsterdam
More informationMorningstar Rating Analysis
Morningstar Research February 2016 Morningstar Rating Analysis of European Investment Funds Authors: Nikolaj Holdt Mikkelsen, CFA Ali Masarwah Content Morningstar European Rating Analysis of Investment
More informationMorningstar Rating Analysis
Morningstar Research October 2016 Morningstar Rating Analysis of European Investment Funds Authors: Nikolaj Holdt Mikkelsen, CFA, CIPM Ali Masarwah Content Morningstar European Rating Analysis of Investment
More informationThe Capital Requirements (Country-by-Country Reporting) Regulations December 2017
HSBC Holdings plc The Capital Requirements (Country-by-Country Reporting) Regulations 2013 31 December 2017 This report has been prepared for HSBC Holdings plc and its subsidiaries (the HSBC Group ) to
More informationBenchmark your Global Fund Distribution 2015
Benchmark your Global Fund Distribution 215 Asset Management Evolution of cross-border distribution Number of cross-border funds and registrations 1, 9, 9,436 11% 9,869 5% 1,43 6% 11, 1, Number of cross-border
More informationQ IPREO REGIONAL FLOW OF FUNDS SERIES
Q3 2017 IPREO REGIONAL FLOW OF FUNDS SERIES Flow of Funds: Market Overview Q3-17 Western European () equity fund flows remained strong and positive (+$43.1B), but the pace of inflows decelerated from the
More informationMorningstar Rating Analysis
Morningstar Research January 2018 Morningstar Rating Analysis of European Investment Funds Authors: Nikolaj Holdt Mikkelsen, CFA, CIPM Ali Masarwah Content Morningstar European Rating Analysis of Investment
More informationInstitutional Investors and Austrian Stocks in 2017
Institutional Investors and Austrian Stocks in 2017 Institutional Investors and Austrian Stocks in 2017 After an eventful year 2017, institutional investors remain the largest group of investors in the
More informationFLOW OF FUNDS REPORT TUYID Q3
FLOW OF FUNDS REPORT TUYID Q3 2017 November, 2017 Dear Readers, We are happy to present the Flow of Funds Report for the third quarter of 2017. Our report offers detailed insight on the funds flow by investment
More informationInvesco Indexing Investable Universe Methodology October 2017
Invesco Indexing Investable Universe Methodology October 2017 1 Invesco Indexing Investable Universe Methodology Table of Contents Introduction 3 General Approach 3 Country Selection 4 Region Classification
More informationGlobal Select International Select International Select Hedged Emerging Market Select
International Exchange Traded Fund (ETF) Managed Strategies ETFs provide investors a liquid, transparent, and low-cost avenue to equities around the world. Our research has shown that individual country
More informationQ IPREO REGIONAL FLOW OF FUNDS SERIES
Q3 2017 IPREO REGIONAL FLOW OF FUNDS SERIES Flow of Funds: Market Overview The September BAML Global Fund Manager survey found, Investor bullishness toward the Eurozone was now dissipating. Ronan Carr,
More informationThe receipt of dividend payments from international tobacco profits
The receipt of dividend payments from international tobacco profits Estimated payments to institutional shareholders in fiscal 2009. Key findings About two thirds of the shareholders of the four large
More informationInternational Statistical Release
International Statistical Release This release and additional tables of international statistics are available on efama s website (www.efama.org) Worldwide Investment Fund Assets and Flows Trends in the
More informationH S B C H O L D I N G S P L C HSBC HOLDINGS PLC THE CAPITAL REQUIREMENTS. (Country-by-Country Reporting) REGULATION 2013
HSBC HOLDINGS PLC THE CAPITAL REQUIREMENTS (Country-by-Country Reporting) REGULATION 2013 31 December 2015 This report has been prepared for HSBC Holdings plc and its subsidiaries (the HSBC Group ) to
More informationQ IPREO REGIONAL FLOW OF FUNDS SERIES
Q3 2017 IPREO REGIONAL FLOW OF FUNDS SERIES Flow of Funds: Market Overview Q3-17 Western European () equity fund flows remained strong and positive (+$43.1B), but the pace of inflows decelerated from the
More informationFOREIGN ACTIVITY REPORT
FOREIGN ACTIVITY REPORT SECOND QUARTER 2012 TABLE OF CONTENTS Table of Contents... i All Securities Transactions... 2 Highlights... 2 U.S. Transactions in Foreign Securities... 2 Foreign Transactions in
More informationInternational Statistical Release
International Statistical Release This release and additional tables of international statistics are available on efama s website (www.efama.org). Worldwide Investment Fund Assets and Flows Trends in the
More informationQuarterly Investment Update First Quarter 2018
Quarterly Investment Update First Quarter 2018 Dimensional Fund Advisors Canada ULC ( DFA Canada ) is not affiliated with [insert name of Advisor]. DFA Canada is a separate and distinct company. Market
More information2013 Global Survey of Accounting Assumptions. for Defined Benefit Plans. Executive Summary
2013 Global Survey of Accounting Assumptions for Defined Benefit Plans Executive Summary Executive Summary In broad terms, accounting standards aim to enable employers to approximate the cost of an employee
More information!!!1!!!!!!!!!!!!!!!!!!!!!!!!!!!!! The Association of Real Estate Funds & Property Funds Research
1 The Association of Real Estate Funds & Property Funds Research Global Real Estate Funds Review H1 216 Contents CONTENTS 2 EXECUTIVE SUMMARY 3 UNLISTED FUND UNIVERSE: OVERVIEW (EX FOF) 6 UNLISTED FUNDS
More informationDIVERSIFICATION. Diversification
Diversification Helps you capture what global markets offer Reduces risks that have no expected return May prevent you from missing opportunity Smooths out some of the bumps Helps take the guesswork out
More informationBlackRock Developed World Index Sub-Fund
KEY INVESTOR INFORMATION BlackRock Developed World Index Sub-Fund A sub-fund of BlackRock Index Selection Fund Objectives and Investment Policy This document provides you with key investor information
More informationPortfolio Strategist Update from BlackRock Active Opportunity ETF Portfolios
Portfolio Strategist Update from BlackRock Active Opportunity ETF Portfolios As of Sept. 30, 2017 Ameriprise Financial Services, Inc., ("Ameriprise Financial") is the investment manager for Active Opportunity
More information% 38, % 40, % 2,611 2,
3 DECEMBER 6 OPEN ENDED Number of Net Value of Number of Total Value Total Value Net New Date Authorised/Registered Schemes Registered of Sales of Repurchases Investment Schemes ( mn) Holders ( mn) ( mn)
More informationRisks and Opportunities in Global Equities Today BCI Global Investment Conference Tom Mann, CFA Senior Portfolio Manager
Risks and Opportunities in Global Equities Today BCI Global Investment Conference Tom Mann, CFA Senior Portfolio Manager June 2017 For professional investors only. Not suitable for retail clients 05/06/2017
More informationKPMG s Individual Income Tax and Social Security Rate Survey 2009 TAX
KPMG s Individual Income Tax and Social Security Rate Survey 2009 TAX B KPMG s Individual Income Tax and Social Security Rate Survey 2009 KPMG s Individual Income Tax and Social Security Rate Survey 2009
More informationWells Fargo Target Date CITs E3
All information is as of 12-31-17 unless otherwise indicated. Overview General fund information Fund sponsor and manager: Wells Fargo Bank, N.A. Fund advisor: Wells Capital Management Inc. Portfolio manager:
More informationGlobal Business Barometer April 2008
Global Business Barometer April 2008 The Global Business Barometer is a quarterly business-confidence index, conducted for The Economist by the Economist Intelligence Unit What are your expectations of
More informationCOUNTRY COST INDEX JUNE 2013
COUNTRY COST INDEX JUNE 2013 June 2013 Kissell Research Group, LLC 1010 Northern Blvd., Suite 208 Great Neck, NY 11021 www.kissellresearch.com Kissell Research Group Country Cost Index - June 2013 2 Executive
More informationEuropean ETF Listing and Distribution Poster September 2017
www.pwc.lu European ETF Listing and Distribution Poster September 217 Global Fund Distribution Market overview Evolution of EU-domiciled ETFs AuM by country of domicile and total number of ETFs 6 1,497
More informationAn FSE Listings Inc Article FSE Listings Inc- Frankfurt Stock Exchange Listings
FSE Listings How To Prepare Yourself For Listing On The Frankfurt Stock Exchange Author: Mark Bragg An FSE Listings Inc Article FSE Listings Inc- Frankfurt Stock Exchange Listings List your firm fast with
More informationActuarial Supply & Demand. By i.e. muhanna. i.e. muhanna Page 1 of
By i.e. muhanna i.e. muhanna Page 1 of 8 040506 Additional Perspectives Measuring actuarial supply and demand in terms of GDP is indeed a valid basis for setting the actuarial density of a country and
More informationMANDATORY PROVIDENT FUND SCHEMES AUTHORITY
Guidelines III.4 MANDATORY PROVIDENT FUND SCHEMES AUTHORITY III.4 Guidelines on Approved Exchanges INTRODUCTION Section 2 of the Mandatory Provident Fund Schemes (General) Regulation (the Regulation) defines
More informationIOOF. International Equities Portfolio NZD. Quarterly update
IOOF NZD Quarterly update For the period ended 30 September 2018 Contents Overview 2 Portfolio at glance 3 Performance 4 Asset allocation 6 Overview At IOOF, we have been helping Australians secure their
More informationDFA Global Equity Portfolio (Class F) Quarterly Performance Report Q2 2014
DFA Global Equity Portfolio (Class F) Quarterly Performance Report Q2 2014 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds.
More informationNORTH AMERICAN UPDATE
NORTH AMERICAN UPDATE December 6 th, 2018 INNOVATION INSIGHT GROWTH SINCE 1968 TOUGH YEAR FOR RETURNS AROUND THE WORLD Index Year-to-date Performance MSCI World -1.2% MSCI USA 3.9% MSCI Canada -3.9% MSCI
More informationINVESTOR TARGETING DECEMBER 2015
INVESTOR TARGETING DECEMBER 2015 RECENT BUY-SIDE TRENDS IN EUROPE Continued growth in low cost ETFs; ETF AUM has surpassed $3tn in the first half of 2015 Vanguard attracted $30bn in inflows in Q3 (Lipper)
More informationRegistration of Foreign Limited Partnerships in the Cayman Islands
Registration of Foreign Limited Partnerships in the Cayman Islands Preface This publication has been prepared for the assistance of those who are considering registration of a foreign limited partnership
More informationInstitutional Investors and Austrian Stocks in 2015
Institutional Investors and Austrian Stocks in 2015 After a very challenging year for financial markets, international institutional investors remained the largest stakeholders in the ATX prime at year-end
More informationDFA Global Equity Portfolio (Class F) Performance Report Q2 2017
DFA Global Equity Portfolio (Class F) Performance Report Q2 2017 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
More informationDFA Global Equity Portfolio (Class F) Performance Report Q3 2018
DFA Global Equity Portfolio (Class F) Performance Report Q3 2018 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
More informationDFA Global Equity Portfolio (Class F) Performance Report Q4 2017
DFA Global Equity Portfolio (Class F) Performance Report Q4 2017 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
More informationWorld Stockmarket Forecasts
Information and Advice on World Stockmarkets from Securities Research Company's... Inte ternational Investor Issue No. 210 www.stockmarket.co.nz June 10, 2013 JPMorgan Smaller European Smaller Companies
More informationDFA Global Equity Portfolio (Class F) Performance Report Q3 2015
DFA Global Equity Portfolio (Class F) Performance Report Q3 2015 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
More informationa closer look GLOBAL TAX WEEKLY ISSUE 249 AUGUST 17, 2017
GLOBAL TAX WEEKLY a closer look ISSUE 249 AUGUST 17, 2017 SUBJECTS TRANSFER PRICING INTELLECTUAL PROPERTY VAT, GST AND SALES TAX CORPORATE TAXATION INDIVIDUAL TAXATION REAL ESTATE AND PROPERTY TAXES INTERNATIONAL
More informationBalanced Select Portfolio Pn
Factsheet as at : September 22, 2018 Balanced Select Portfolio Pn Fund objective This portfolio aims to provide long-term capital growth while keeping risk in a target volatility range of 8-10% over a
More informationWells Fargo Target Date Funds
All information is as of 9-30-17 unless otherwise indicated. Overview General fund information Portfolio managers: Kandarp Acharya, CFA, FRM; Christian Chan, CFA; and Petros Bocray, CFA, FRM Subadvisor:
More informationIT ONLY TAKES ONE INDEX TO CAPTURE THE WORLD THE MODERN INDEX STRATEGY. msci.com
IT ONLY TAKES ONE INDEX TO CAPTURE THE WORLD THE MODERN INDEX STRATEGY msci.com MSCI DELIVERS THE MODERN INDEX STRATEGY The MSCI ACWI Index, MSCI s flagship global equity benchmark, is designed to represent
More informationSchroder QEP Global Active Value Fund. Interim Short Report 21 June 2016 to 20 December 2016
Schroder QEP Global Active Value Fund Interim Short Report 21 June 2016 to 20 December 2016 Schroder QEP Global Active Value Fund Review of Investment Activities From 20 June 2016 to 20 December 2016,
More informationExchange Traded Funds (ETFs): The New Packaged Product of Choice
Financial Institutions Profiles Series Exchange Traded Funds (ETFs): The New Packaged Product of Choice (Table of Contents) April 20, 2017 TABLE OF CONTENTS Evolution of the Exchange Traded Funds (ETFs)
More informationWorld Stockmarket Forecasts
Information and Advice on World Stockmarkets from Securities Research Company's... Inte ternational Investor Issue No. 234 www.stockmarket.co.nz June 8, 2015 Lower commodity and energy prices favourable
More informationREFINITIV. EUROPEAN FUND FLOWS REPORT: March 2019
REFINITIV EUROPEAN FUND FLOWS REPORT: March 2019 Please attribute the content to Detlef Glow, Head of EMEA Research at Lipper and the author of this report. EXECUTIVE SUMMARY March 2019: European Investors
More informationQuarterly Investment Update First Quarter 2017
Quarterly Investment Update First Quarter 2017 Market Update: A Quarter in Review March 31, 2017 CANADIAN STOCKS INTERNATIONAL STOCKS Large Cap Small Cap Growth Value Large Cap Small Cap Growth Value Emerging
More informationSINGAPORE FUND FLOWS SUMMARY QUARTER-END ANALYSIS DECEMBER 31, 2017
SINGAPORE FUND FLOWS SUMMARY QUARTER-END ANALYSIS DECEMBER 31, 2017 Total Net Fund Flows for Q4 2017 Still Positive, Bond Funds Experience a Seventh Consecutive Quarter of Net Inflows Unit trusts registered
More informationFEES SCHEDULE (SILVER/PLATINUM)
FEES SCHEDULE (SILVER/PLATINUM) Applicable from April 208 under an Investment Advisory Agreement CBP Quilvest LU EN Investment Advisory Fees Schedule April 208 /5 ADVISORY MANAGEMENT, CUSTODY FEES AND
More information2018 Global Survey of Accounting Assumptions. for Defined Benefit Plans. Executive summary
2018 Global Survey of Accounting Assumptions for Defined Benefit Plans Executive summary Executive summary In broad terms, accounting standards aim to enable employers to approximate the cost of an employee
More informationPENTA CLO 2 B.V. (the "Issuer")
THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES (AS DEFINED BELOW). IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING
More informationSchroder Diversified Growth Fund. Interim Short Report 6 March 2016 to 5 September 2016
Schroder Diversified Growth Fund Interim Short Report 6 March 2016 to 5 September 2016 Review of Investment Activities From 4 March 2016 to 5 September 2016, the price of I Accumulation units on a dealing
More informationDouble Tax Treaties. Necessity of Declaration on Tax Beneficial Ownership In case of capital gains tax. DTA Country Withholding Tax Rates (%)
Double Tax Treaties DTA Country Withholding Tax Rates (%) Albania 0 0 5/10 1 No No No Armenia 5/10 9 0 5/10 1 Yes 2 No Yes Australia 10 0 15 No No No Austria 0 0 10 No No No Azerbaijan 8 0 8 Yes No Yes
More informationMANDATORY PROVIDENT FUND SCHEMES AUTHORITY
Guidelines III.4 MANDATORY PROVIDENT FUND SCHEMES AUTHORITY III.4 Guidelines on Approved Exchanges INTRODUCTION Section 2 of the Mandatory Provident Fund Schemes (General) Regulation ( the Regulation )
More informationGuide to Treatment of Withholding Tax Rates. January 2018
Guide to Treatment of Withholding Tax Rates Contents 1. Introduction 1 1.1. Aims of the Guide 1 1.2. Withholding Tax Definition 1 1.3. Double Taxation Treaties 1 1.4. Information Sources 1 1.5. Guide Upkeep
More informationWorld Stockmarket Forecasts
Information and Advice on World Stockmarkets from Securities Research Company's... Inte ternational Investor Issue No. 246 www.stockmarket.co.nz June 13, 2016 JPMorgan European Smaller Companies sees "an
More informationReporting practices for domestic and total debt securities
Last updated: 27 November 2017 Reporting practices for domestic and total debt securities While the BIS debt securities statistics are in principle harmonised with the recommendations in the Handbook on
More informationManpowerGroup Employment Outlook Survey New Zealand
ManpowerGroup Employment Outlook Survey New Zealand 1 218 New Zealand Employment Outlook The ManpowerGroup Employment Outlook Survey for the first quarter 218 was conducted by interviewing a representative
More informationGlobal ex US PE / VC Benchmark Commentary Quarter and Year Ending December 31, 2015
Global ex US PE / VC Benchmark Commentary Quarter and Year Ending December 31, 2015 Overview The Cambridge Associates LLC Global ex US Developed Markets Private Equity and Venture Capital (PE/VC) Index
More informationDistribution snapshots
GLOBAL FUND DISTRIBUTION 2018 Distribution snapshots Target markets for distribution Total number of new registrations Germany 1,302 Cross-border distribution Luxembourg Domicile share of authorisations
More informationBank of Canada Triennial Central Bank Surveys of Foreign Exchange and Over-the-Counter (OTC) Derivatives Markets Turnover for April, 2007 and Amounts
Bank of Canada Triennial Central Bank Surveys of Foreign Exchange and Over-the-Counter (OTC) Derivatives Markets Turnover for April, 2007 and Amounts Outstanding as at June 30, 2007 January 4, 2008 Table
More informationTEACHERS RETIREMENT BOARD. INVESTMENT COMMITTEE Item Number: 11
TEACHERS RETIREMENT BOARD INVESTMENT COMMITTEE Item Number: 11 SUBJECT: Special Mandate Low Carbon Strategies CONSENT: ATTACHMENT(S): 2 ACTION: X DATE OF MEETING: / 20 mins. INFORMATION: PRESENTER(S):
More informationSINGAPORE FUND FLOWS SUMMARY QUARTER-END ANALYSIS September 30, 2016
SINGAPORE FUND FLOWS SUMMARY QUARTER-END ANALYSIS Total Net Fund Flows Turn Positive for Q3 2016; Bond Funds Gain the Biggest Net Inflows Unit trusts registered for sale in Singapore reported net inflows
More informationMANDATORY PROVIDENT FUND SCHEMES AUTHORITY. Guidelines on Recognized Exchanges
Guidelines III.4 MANDATORY PROVIDENT FUND SCHEMES AUTHORITY III.4 Guidelines on Recognized Exchanges INTRODUCTION Section 2 of the Mandatory Provident Fund Schemes (General) Regulation ( the Regulation
More informationREFINITIV EUROPEAN FUND FLOWS REPORT: DECEMBER 2018
REFINITIV EUROPEAN FUND FLOWS REPORT: DECEMBER 2018 Please attribute the content to Detlef Glow, Head of EMEA Research at Lipper and the author of this report. EXECUTIVE SUMMARY December 2018: No Christmas
More informationIMPORTANT TAX INFORMATION
00126803 IMPORTANT TAX INFORMATION Dear Hartford Funds Shareholder: The following information about your enclosed 1099-DIV from Hartford Funds should be used when preparing your 2014 tax return. The information
More informationFTSE Global Equity Index Series
Methodology overview FTSE Global Equity Index Series Built for the demands of global investors Indexes for a global market The FTSE Global Equity Index Series (FTSE GEIS) includes objective, rules-based
More informationWISDOMTREE RULES-BASED METHODOLOGY
WISDOMTREE RULES-BASED METHODOLOGY WISDOMTREE GLOBAL DIVIDEND INDEXES Last Updated March 2018 Page 1 of 12 WISDOMTREE RULES-BASED METHODOLOGY 1. Overview and Description of Methodology Guide for Global
More informationSINGAPORE FUND FLOWS SUMMARY QUARTER-END ANALYSIS June 30, 2016
SINGAPORE FUND FLOWS SUMMARY QUARTER-END ANALYSIS Total Net Fund Flows Continues to be Negative for Q2 2016; Equity Funds Suffer the Biggest Net Outflows Unit trusts registered for sale in Singapore reported
More informationREFINITIV. EUROPEAN FUND FLOWS REPORT: February 2019
REFINITIV EUROPEAN FUND FLOWS REPORT: February 2019 Please attribute the content to Detlef Glow, Head of EMEA Research at Lipper and the author of this report. EXECUTIVE SUMMARY February 2019: Bonds are
More informationLIPPER FUND AWARDS UNITED KINGDOM WINNER LIST Wednesday, 12 March 2014
LIPPER FUND AWARDS 2014 UNITED KINGDOM WINNER LIST Wednesday, 12 March 2014 GROUP AWARD SIZE BEST GROUP COMPANY Bond Large 3 Years AXA Bond Small 3 Years Marlborough Equity Large 3 Years Cazenove Equity
More informationFEES SCHEDULE (COPPER / GOLD)
FEES SCHEDULE (COPPER / GOLD) Applicable from April 208 excluding discretionary management agreement and investment advisory agreement CBP Quilvest LU EN Fees Schedule Excluding Management April 208 /5
More informationGlobal Forum on Transparency and Exchange of Information for Tax Purposes. Statement of Outcomes
Global Forum on Transparency and Exchange of Information for Tax Purposes Statement of Outcomes 1. On 25-26 October 2011, over 250 delegates from 84 jurisdictions and 9 international organisations and
More informationSINGAPORE FUND FLOWS SUMMARY QUARTER END ANALYSIS September 30, 2013
SINGAPORE FUND FLOWS SUMMARY QUARTER END ANALYSIS Net Inflow of Funds Into Unit Trusts Continued Decreasing, Bond Funds Lost The Throne And Turned To Suffer Net Outflows in 3Q2013. Unit trusts registered
More informationSTOXX EMERGING MARKETS INDICES. UNDERSTANDA RULES-BA EMERGING MARK TRANSPARENT SIMPLE
STOXX Limited STOXX EMERGING MARKETS INDICES. EMERGING MARK RULES-BA TRANSPARENT UNDERSTANDA SIMPLE MARKET CLASSIF INTRODUCTION. Many investors are seeking to embrace emerging market investments, because
More informationTable 1: Foreign exchange turnover: Summary of surveys Billions of U.S. dollars. Number of business days
Table 1: Foreign exchange turnover: Summary of surveys Billions of U.S. dollars Total turnover Number of business days Average daily turnover change 1983 103.2 20 5.2 1986 191.2 20 9.6 84.6 1989 299.9
More informationIssued by Mercer Superannuation (Australia) Limited (MSAL) ABN Australian Financial Services Licence # as the Trustee of the
Issued by Mercer Superannuation (Australia) Limited (MSAL) ABN 79 004 717 533 Australian Financial Services Licence #235906 as the Trustee of the Mercer Super Investment Trust: GPO Box 9946, Melbourne
More informationBalanced Plus Select Portfolio Pn
Factsheet as at : August 25, 2018 Balanced Plus Select Portfolio Pn Fund objective This portfolio aims to provide long-term capital growth while keeping risk in a target volatility range of 10-12% over
More informationWorld Stockmarket Forecasts
Information and Advice on World Stockmarkets from Securities Research Company's... Inte ternational Investor Issue No. 261 www.stockmarket.co.nz September 11, 2017 Stockmarket Forecasts remain Bullish...
More informationKey Issues in the Design of Capital Gains Tax Regimes: Taxing Non- Residents. 18 July 2014
Key Issues in the Design of Capital Gains Tax Regimes: Taxing Non- Residents 18 July 2014 How do we tax non-residents on capital income? Domestic design issues Tax treaty issues Interrelationship between
More informationManpowerGroup Employment Outlook Survey Global
ManpowerGroup Employment Outlook Survey Global 1 218 ManpowerGroup interviewed nearly 59, employers across 43 countries and territories to forecast labor market activity in Quarter 1 218. All participants
More informationInternational Statistical Release
International Statistical Release This release and additional tables of international statistics are available on efama s website (www.efama.org). Worldwide Regulated Open-ended Fund Assets and Flows Trends
More informationUP OR DOWN? 2015 Q3 NIELSEN GLOBAL SURVEY OF CONSUMER CONFIDENCE AND SPENDING INTENTIONS
UP OR DOWN? 2015 Q3 NIELSEN GLOBAL SURVEY OF CONSUMER CONFIDENCE AND SPENDING INTENTIONS Among the world s largest economies, U.S. consumer confidence jumped 18 index points in the third quarter to a score
More informationInvestor Trends and Impact for IR in 2017 & Beyond
Investor Trends and Impact for IR in 2017 & Beyond GROWTH IN PASSIVE VEHICLES CONTINUES SQUEEZE ON ACTIVE FUND MANAGERS o Growth in low cost ETFs over last few years; ETF AuM surpassed $4tn mark in April
More informationGUERNSEY FINANCIAL SERVICES COMMISSION INVESTMENT SUPERVISION AND POLICY DIVISION QUARTERLY STATISTICAL REVIEW 31 DECEMBER 2013 OPEN ENDED SCHEMES
Net Value of Total Value Total Value Net New Date Authorised/ of Sales of Repurchases Investment ( mn) Holders ( mn) ( mn) ( mn) 1-Dec-1 1-Mar-1 1 DECEMBER 1 OPEN ENDED -.,1 -. 1,69 +.,77,89-11 1 -.6%,16
More informationBank of Canada Triennial Central Bank Survey of Foreign Exchange and Over-the-Counter (OTC) Derivatives Markets
Bank of Canada Triennial Central Bank Survey of Foreign Exchange and Over-the-Counter (OTC) Derivatives Markets Turnover for, and Amounts Outstanding as at June 30, March, 2005 Turnover data for, Table
More informationGlobal ex US PE / VC Benchmark Commentary Quarter Ending September 30, 2016
Global ex US PE / VC Benchmark Commentary Quarter Ending September 30, 2016 Overview In USD terms, the Cambridge Associates LLC Global ex US Developed Markets Private Equity and Venture Capital Index returned
More informationSINGAPORE FUND FLOWS SUMMARY QUARTER-END ANALYSIS December 31, 2016
SINGAPORE FUND FLOWS SUMMARY QUARTER-END ANALYSIS Total Net Fund Flows Turn Negative for Q4 2016; Bond Funds Continue to Gain the Biggest Net Inflows Unit trusts registered for sale in Singapore reported
More informationInternational Statistical Release
International Statistical Release This release and additional tables of international statistics are available on efama s website (www.efama.org) Worldwide Investment Fund Assets and Flows Trends in the
More informationFirst ever quarter with over 200m Gross Profit
11 July 2018 and H1 2018 Trading Update Steve Ingham Kelvin Stagg Chief Executive Officer Chief Financial Officer First ever quarter with over 200m Gross Profit LSE: PAGE.L Website: http://www.page.com/investors
More information