At the end of last month, the Bank of Japan surprised markets by effectively raising the threshold for 10-year JGBs in its controversial yield curve control policy. While this may seem on the face of it a headwind for the country’s soaring stock market, the reality is more nuanced.
There were net inflows to open-end funds in Japan of ¥948.4bn in August, Morningstar data show.
GSAWM is hiring, UBS’s ex China ETF, Morningstar’s gloomy message on fund fees, Vanguard’s persistence, the Bitcoin spot futures battle rages, earnings powerhouses, chaos and creativity and much more.
Fixed income witnessed net inflows of S$888.25m during the second quarter, data aggregated by Morningstar show.
FSA compares the abrdn Emerging Markets Equity Fund and the BlackRock Global Funds – Emerging Markets Fund.
High yield managers are looking instead at Macau gaming, Indian renewable energy and Indonesian corporate credits.
According to Morningstar Direct data, inflows to Japan funds in July hit their highest level since December.
Inflows into sustainable funds slowed during the second quarter but still outstripped conventional fund flows.
Fixed income carried the can during the first half of the year with inflows coming in at $236bn.
China is down 16.9% so far this year, and accounts for 30% of the MSCI Emerging Markets index.
Part of the Mark Allen Group.
