EME Strategy: Weekly Fund Flows – More outflows across all regions
2014 ended on a sour note for Emerging Markets (EM) funds as investors continued to withdraw money from the EM region for the seventh consecutive week, amounting to 0.8% of NAV overall from EM funds in FY14 vs. inflows of 4.5% of NAV in FY13. The strengthening of the USD to a five-year high, the oil price dropping to a five-year low and weak global PMIs all took their toll on investors, despite the Chinese equity markets rocketing nearly 10%, helping the MSCI EM index to outperform the S&P500 for the first time since end-November. Another investor focus was the Greek presidential election, with the outcome seen as negative by investors, leading to further withdrawals from Greek equity funds.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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