Natixis - Lipper-FMI fund flow data - Week ended August 22

Report

Natixis

Inna Mufteeva ...

Thibaut Cuilliere

Lipper-FMI fund flow data - Week ended August 22

F und flows showed a more risk-off mood of the investors with only US IG and money market funds enjoying solid inflows (+$2bn and +$22.6bn respectively) , although s lowe r ones for the former compared to +$4bn a week before. Meanwhile, all risker funds saw significant outflows: -$1.5bn for US HY funds, -$7.9bn for US-based equity funds (despite the slight increase of S&P500 over the week), and -$0.3 for EM debt funds. L everage loan funds did not bring any surprise with the $0.9bn outflows that continued for 40 consecutive weeks .

22/08/2019 3 EN

Provider

Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

See profile

Analysts

Inna Mufteeva

Thibaut Cuilliere

Other Reports from Natixis

Bernard Dahdah

Bernard Dahdah

Will silver keep outperforming gold?

In this report we look at the reasons behind silver’s recent outperformance vs. gold and give our price outlook . The correlation between gold and silver has considerably weakened since the start of the year , all while silver and copper prices have been moving in tandem. With industrial demand for silver rising and now equating to 58 % of total demand for silver, the metal is reacting more like a base metal. More importantly is the fact the solar panel demand for silver now accounts to a fifth of total demand for the metal, up from 6% a decade ago. Renewables have now become the maj...

June 27, 2025 June 27, 2025 1 EN

Ivan Pavlovic

Ivan Pavlovic

Buy EnBW 1 7/8 2033 vs. sell RWE 0 5/8 2031

Z spread-wise, EnBW 1 7/8 2033 (ISIN: XS1901055472) currently trades wider than RWE 0 5/8 2031 (ISIN: XS2351092478) by around 22bps. This spread differential is hard to justify in light of the following elements: The rating differential between the two issuers. EnBW’s ratings (A- stable / Baa1 stable / WR) are on average one-notch higher than RWE’s (WR / Baa2 stable / BBB+ stable). As part of our coverage initiation, we are in the opinion that EnBW’s anchor at current rating levels is solid and unlikely to be affected by the hefty capex plan underway (see EnBW: a defensive pla...

June 27, 2025 June 27, 2025 1 EN

Research CIB

Research CIB

Mid-year Outlook 2025 - "The summer will be hot, the autumn too."

It is an understatement to say that the first six months of 2025 have confirmed that the world has entered a chaotic, volatile, martial, and uncooperative era, where anxiety often competes with misunderstanding. There is little chance that this will change for the rest of the year. In the absence of strong convictions, here are some trends that are likely to continue:The trade war will continueThe United States is already imposing tariffs of over 15% ahead of the announcements on July 9, China is demanding photos and details of the technologies in which its rare earths are used, and Europe is ...

June 27, 2025 June 27, 2025 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Lipper-FMI fund flow data - Week ended August 22

Will silver keep outperforming gold?

Buy EnBW 1 7/8 2033 vs. sell RWE 0 5/8 2031

Mid-year Outlook 2025 - "The summer will be hot, the autumn too."

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe