Emerging Market Outflows Continue
 |
- March started out with global jitters due to the unsettling political situation in Ukraine. The start of the month saw a sudden escalation in talks of military force being used by Russia and this affected capital markets, mostly equity indices, across the globe. But global capital markets have made their peace as a full-blown military offensive is unlikely.
- Outflows from emerging market funds continued and even Japan equity funds posted outflows for the first time year to date. Inflows into developed market funds such as US and Europe remained intact.
- China was also in the spotlight as investors grew increasingly uncertain about the economy’s revival. Subsequently, inflows into emerging market equity funds picked up towards the end of the month.
- Central bank policy continues to dictate interest rates will stay low.
- Our funds higher up the risk spectrum performed well over March 2014. The Dynamic Multi Asset Fund, High Yield Fund, BlackRock World Gold, BlackRock World Mining, BlackRock World Energy and BlackRock New Energy Funds were up 2.1%, 1.9%, 9.8%, 6.4%, 5.7% and 3.4% respectively.
- Download our monthly performance scorecard by clicking here.
|
|
