- International equity gained traction with investors resulting in inflows of $11.5 billion
- U.S. equities continued to see significant redemptions in Q3
- U.S. bonds reported outflows of $20.4 billion in Q3
Coming back from $80 billion in outflows in the second quarter of this year, the global traditional institutional asset management industry saw net inflows of $22.7 billion in the third quarter of 2014, according to eVestment’s newest report covering global asset flows in the traditional, long-only institutional investor asset management industry.
International equity gained traction with investors resulting in inflows of $11.5 billion into EAFE and ACWI ex-U.S. strategies. U.S. equities continued to see significant redemptions in Q3, with net outflows totaling $36.7 billion. U.S. bonds reported outflows of $20.4 billion in Q3 despite inflows of $14 billion into U.S. core plus fixed income.
eVestment’s new quarterly Traditional Asset Flows Report highlights the flow of institutional funds invested in traditional, long-only investments across regions and countries, investment types, universes and products.
A few key points highlighting activity among various investor types include:
- Africa/Middle East domiciled investors were net buyers in Q3 2014, with net inflows totaling $3.6 billion;
- Australian investors saw net outflows of $5.2 billion in Q3, down from the $6.9 billion in outflows Australian investors saw in Q2;
- Corporate pensions had net inflows of $12 billion in Q3, favoring emerging markets debt ($1.5 billion net inflows) and emerging markets equity ($4.2 billion net inflows);
- Sovereign wealth funds were net sellers in Q3 2014, with outflows of $7.1 billion, following inflows of $8.6 billion in Q2.
The summary report can be downloaded here.