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Fund flows go sharply short on US and European equity
by David Campbell on Feb 13, 2014 at 07:00
Investors in short and leveraged ETPs turned sharply bearish on western markets in January, with net flows of $481 million (£290 million) into short US equity and $339 million into short European equity.
Cash entering short US treasury products fell by two thirds on the previous month however, from $1.2 billion to $400 million, as yields tightened on a globalised outbreak of risk aversion.
Overall, investors did not allow the outbreak of volatility to put them off owning global equity according to Boost ETP, with long Japan inflows keeping aggregate totals bullish.
Investment in long equity inflows over the course of the month stood at $2.3 billion over the month, reaching a total $23.4 billion versus $1 billion into short equity, reaching a total $14.7 billion.
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