Equities back in favor for sovereign investors in third quarter - Reuters:
Sovereign wealth funds regained their appetite for equities in the third quarter, piling into passively managed stocks in the United States and equities in mainland China and elsewhere, according to eVestment data.
Passively managed S&P 500 funds — those that buy a basket of S&P 500 stocks and hold them rather than trading day to day — took in $1.09 billion from sovereign investors during the period, the first net inflow since the fourth quarter of 2016, after significant outflows in recent years.
In another sign of renewed interest in equities, sovereign investor inflows to global enhanced equity funds — which are actively managed — reached $1.05 billion, their largest since the fourth quarter of 2017.
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