ETF Strategy Show me the money flows! (Credit Suisse)

April 2014

KEYWORDS: ETF, large cap, inflows, sovereign CDS, Emerging Markets, Equity markets

Authors:

Victor Lin

Organizations:
  • Credit Suisse

Summary:
  • Domestic US equity inflows ($4.4bn) were mostly concentrated in the large cap space ($4.3bn), more than offsetting small cap outflows that doubled week over week to $1.4bn.
  • Emerging Markets continued to see strong interest with another $1.2bn of inflows.
  • Bond ETFs also attracted $1.7bn in new assets last week on demand for corporates and sovereign debt.
  • Loan markets showed borrow starting to ease meaningfully for EEM and VWO. On the other hand, HYG (high yield corporate debt) and TAN (solar) became more difficult to borrow.

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