Where did the smart money go in May?

Where did the smart money go in May?

clock

May is typically an indecisive time for markets and this year was no exception. Cherry Reynard reports.

Investors continued to direct their cash towards emerging markets in May. These new flows could partly be attributed to the paucity of opportunities available among developed market assets, but also to a diminution in the situation in Ukraine. Flows were seen into emerging market bond and equity funds, with investors even returning tentatively to local currency bond funds. Globally, EPFR data for the end of May showed emerging market bond funds attracting new money for the ninth week in a row. Investors directed $1bn to the asset class in the week to 28 May, split between $722m going int...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Equities

Should investors look at the UK's biggest or smallest companies?

Should investors look at the UK's biggest or smallest companies?

Why not have the best of both worlds in UK investment?

Darius McDermott
clock 07 February 2023 • 4 min read
The global equity sector has continued to see inflows

Industry Voice: The trend towards global equities is likely to continue

The argument for diversification is unambiguous given the uncertain economic backdrop

Fidelity International
clock 05 December 2022 • 1 min read
Abrdn set to return to FTSE 100 after relegation

Abrdn set to return to FTSE 100 after relegation

Hargreaves Lansdown predicts return along with Weir Group

Elliot Gulliver-Needham
clock 22 November 2022 • 2 min read