Get regular updates (weekly or monthly) on FII net flows into India and Global Emerging Markets
Emerging Portfolio Fund Research (EPFR) is the leading global provider of data on global emerging market fund flows. EPFR data is now available in India, through ValueNotes Database, EPFR's exclusive distributor for India.
...global emerging market (GEM) equity funds are overweight on India by as much as 35 per cent...
GEM funds have an average allocation of 6.5 per cent of their total assets to India, a good 2 percentage points higher than the 4.47 per cent country weight in the MSCI-EMF
There has been much activity in the Indian capital markets during the last few months. FII net inflows are at an all time high.
As we all know, there is a remarkable correlation between FII fund flows and the Indian Markets
Who is Emerging Portfolio Fund Research (EPFR)?
EmergingPortfolio.com Fund Research (EPFR) is the leading global provider of information on global emerging market (GEM) funds, their investments and fund flows.
EPFR's data is becoming the industry standard for GEM fund data.
Almost 90% of the funds in the region are covered - over 3000 GEM funds are tracked, with $700b in assets
Universe includes funds from all major domiciles, world-wide
All data is obtained directly from fund managers and their administrators
Data is accurate. Anomalies are reconciled through direct confirmation with fund managers
The database has historical statistics available dating back to 1995
Their web site has over 6,000 institutional registered members
EPFR is often quoted by leading media entities like Bloomberg, The New York Times, Reuters, Forbes, etc
Data helps identify potential clients - FIIs who are entering the Indian markets or increasing their net flows into the market
Fund flows data
provides evidence of trend chasing
and indicates shifts in risk aversion to the asset class
Data helps understand potential client behaviour thereby allowing the sales pitch to be more effective / targeted
The weightings data can enhance performance and can help fund managers outperform their benchmarks (new data shows that the GEM equity fund country weights data outperforms the leading EM benchmark by 5.6% per year for the past five years)
Heads of research, equity and fixed income strategists
Country flows are useful to track early indications of foreign-fund led rallies / sell-offs
Fund flows are a positive indicator of future market / sector movements. Hence data will help in providing better investment advice.
Company holdings data will provide for a stock-specific momentum indicator
Range of products
Report
Frequency
Equity / Bond Fund Flows Data
Weekly or monthly
Equity / Bond Country Weightings Data
Monthly
Sector Weightings - GICs Level II
Monthly
Equity Country Flows Data
Monthly
Company Holdings Data
Monthly
Regional Data - Asia-Pacific, Latin America and EMEA
Monthly
Equity / Bond Fund Flows(weekly or monthly) data has proved to be a positive indicator for future performance in emerging markets
They signal a broadening or contracting of the investor base
They indicate shifts in risk aversion to the asset class
They provide evidence of trend chasing
The show changes in liquidity
The product
Tracks beginning and ending asset levels by fund, for reporting period
Calculates "Net Flows" for individual funds and for each aggregated grouping of regional funds
Net Flows calculations exclude investment gains / losses
Reports are organised by regional fund category
Includes funds registered in all major domiciles world-wide
Monthly historical data is available from 1995 to present; weekly history available from October 2000 to present (weekly history for bond data is available from April 2001)
Equity fund flows: data composition
Fund Category
Monthly Data
Weekly Data
# of Funds
Assets Tracked
(billion)
# of Funds
Assets Tracked
(billion)
International *
890
$451.89
805
$158.27
GEM
258
$46.27
164
$33.62
Asia ex-Japan
431
$23.89
254
$12.70
Pacific
82
$6.66
54
$3.10
Latin America
122
$3.25
85
$1.74
Europe/Middle East/Africa
141
$5.97
93
$3.83
Japan
165
$11.65
140
$8.82
Western Europe
584
$68.97
536
$44.56
TOTALS
2,673
$618.55
2,131
$266.64
* invests both in developed and emerging markets
Bond fund flows: data composition
Fund Category
Monthly Data
Weekly Data
# of Funds
Assets Tracked
(billion)
# of Funds
Assets Tracked
(billion)
International *
180
$37.61
171
$37.03
Dedicated Emerging Markets
205
$13.10
164
$8.56
TOTALS
385
$50.71
335
$45.59
* invests both in developed and emerging markets
Equity / Bond Funds Country / Regional Weightings (monthly) offer key market trends useful for the fund manager and sales team
They are an indicator of future market momentum
They can help fund managers outperform their benchmarks
Portfolio manager peer comparisons provide useful insights
Helps the sales team and strategist understand the investing behaviour / patterns of potential clients
The Product
Historical data available from 1995 to present
Data tracks equity funds' actual country allocation positions in percentage terms
Illustrates movements of fund capital across all countries and regions
The following countries are covered:
Emerging Asia - Bangladesh, China, India, Indonesia, Korea, Malaysia, Pakistan, Philippines, Sri Lanka, Taiwan, Thailand, Vietnam
Developed Asia - Australia, Hong Kong, Japan, New Zealand, and Singapore
Latin America - Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela
Emerging Europe - Bulgaria, Croatia, Cyprus, Czech Republic, Estonia, Greece, Hungary, Kazakstan, Latvia, Lithuania, Poland, Portugal, Romania, Russia
Slovakia, Slovenia, Tajikstan, Turkey and Ukraine
Africa & Middle East - Bahrain, Botswana, Egypt, Ghana, Israel, Ivory Coast, Jordan, Kenya, Lebanon, Malawi, Mauritius, Morocco, Namibia, Nigeria, Oman
Saudi Arabia, South Africa, Tunisia, Zambia, Zimbabwe
The report is organised in a tabular format, including:
Individual funds grouped into their respective regional categories
Weightings for each individual fund
Aggregate weightings for each regional fund category
One years' worth of historical aggregates is provided for each region
Equity Fund Country Weightings: data composition
Fund Category
# of Funds
Assets Tracked (billion)
International *
32
$87.04
Global Emerging Markets
86
$35.79
Asia ex-Japan
72
$8.72
Pacific
20
$4.08
Latin America
40
$1.77
Europe / Middle East / Africa
47
$3.79
TOTALS
297
$141.19
* invests both in developed and emerging markets
Bond Country Weightings: data composition
Fund Category
# of Funds
Assets Tracked (billion)
Dedicated Emerging Markets
29
$4.02
Equity Sector Weightings Reports(monthly)
The collective sector bets of fund managers contain information regarding expectations of future sector movements
They can help fund managers outperform their benchmarks
Portfolio manager peer comparisons provide useful insights
Helps the sales team and strategist understand the investing behaviour / patterns of potential clients
The product
Historical data is available from November 2001 to present
Data tracks actual sector / industry allocation positions by fund, month to month
Sector weightings are apportioned into GICs Level II categories
Reports are organised in a tabular format, including a listing of individual funds, region-wise, and their allocation data plus averages for each sector
Equity Fund Sector Weightings: data composition
Fund Category
# of Funds
Assets Tracked (billion)
Global Emerging Markets
50
$29.26
Asia ex-Japan Regional
32
$3.28
Asia ex-Japan Country Funds
19
$2.24
Latin America Regional & Country Funds
13
$0.88
Europe/Middle East/Africa Regional Funds
13
$0.70
TOTALS
127
$36.36
Equity Country flows(monthly) are yet another good tracking statistic
Fund net flows (buying/selling) shows actual portfolio manager activity by country and by region
Useful to track earlier indications of market momentum and foreign fund-led rallies/sell-offs
Tracking net flows by fund category points to trend chasing
The product
Data tracks aggregate net buying / selling for each region and country
Historical data is available from 1995 to present
Data for cross border country cover the following countries
Emerging Asia - Bangladesh, China, India, Indonesia, Korea, Malaysia, Pakistan, Philippines, Sri Lanka, Taiwan and Thailand
Developed Asia - Australia, Hong Kong, Japan, New Zealand, and Singapore
Latin America - Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru and Venezuela
Emerging Europe - Bulgaria, Croatia, Czech Republic, Estonia, Greece, Hungary, Poland, Romania, Russia, Slovakia, Turkey and Ukraine
Africa & Middle East - Botswana, Egypt, Ghana, Israel, Jordan, Kenya, Lebanon, Mauritius, Morocco, Namibia, South Africa and Zimbabwe
Equity Fund Cross-Border Country flows: data composition
Fund Category
# of Funds
Assets Tracked (billion)
International*
103
$89.86
Global Emerging Markets
130
$36.87
Pacific Regional incl. Japan
33
$4.22
Asia ex-Japan Regional
140
$12.31
Asia ex-Japan Country Funds
128
$6.34
Latin America Regional & Country Funds
69
$2.53
EMEA Regional & Country Funds
77
$4.00
TOTALS
680
$156.13
* invests in both developed and emerging markets
Company holdings data(monthly) is in its early stages of development
Will provide for a stock-specific momentum indicator
The database currently tracks 4,000 emerging market companies
Statistics will show month-on-month fund manager net flows (buying/selling) for 200 emerging market securities
Regional Data(monthly)
Separate reports are available by region: Asia Navigator (Asian region), EMEA Navigator (Emerging Europe, Middle east and Africa regions) and Latin America Navigator (Latin American region)
Results provide insights
into the prevailing sentiment of foreign institutional investors on the region
their buying and selling momentum
country and sector bets
and specific fund activity
The results also show the impact of recent fund manager and investor activities on individual countries and sectors in these regions
Since fund strategies are designed to anticipate trends, the current actions of fund managers contain information on potential future market performance.
The Product
Data shows aggregate fund flows, country flows, country weightings and sector allocations for various fund categories investing in the respective region
Users of EPFR's data
Sell-side research - quantitative analysts, equity / fixed income strategists, sales teams
Buy-side research - portfolio managers, strategists, analysts, marketing departments
EPFR's clients are primarily institutional investors, investment banks and brokerage companies around the globe. A partial list of clients include ABN Amro Bank, Bear Stearns, CSFB, J P Morgan Chase, Morgan Stanley, Deutsche Bank, HSBC, Salomon Smith Barney, Goldman Sachs, ING Barings, Merrill Lynch...
EPFR data now available in India
EmergingPortfolio.com Fund Research has appointed ValueNotes Database as its exclusive distributor for India.
ValueNotes Database is a leading provider of research, intelligence and information services, which include
equity research
company, sector and industry reports
investor appraisals
due diligence / partner selection
ValueNotes runs a web site, www.valuenotes.com, the largest aggregator of information on Indian business and finance. It is one of the few "independent" and unbiased research platforms in India. We provide a common platform / distribution channel for publishers of research.
If you would like to subscribe to any of the products or would like to see some samples, please get in touch with us.
Disclaimer: This is neither an offer nor a solicitation to purchase
or sell securities. The information and views contained on this site are believed
to be reliable, but no responsibility (or liability) is accepted for errors of
fact or opinion. Writers and contributors may be trading in, or have positions
in the securities mentioned in their articles. Neither ValueNotes nor any of the
contributors accepts any liability arising out of use of the above information/article.
Reproduction in whole or in part without written permission is prohibited.
Feedback
