DJ EQS-News: A new ESG star is born - China Baoli enters crowded ESG field to attract ESG funds EQS-News / 18/10/2021 / 10:56 UTC+8 A new ESG star is born - China Baoli enters crowded ESG field to
EMEA Morning Briefing: Stocks to Struggle as Inflation Worries Mount morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
In the wake of the UK's "Freedom Day" easing of Covid restrictions, investor optimism for real estate funds gained ground in July, reflected in significantly decreased outflows compared with previous months.
Over the whole three-month period, net buying of funds focused on Australian equities held up better than most other geographical flavours of equity funds, as inflows dropped by just 6%.
Global funds saw inflows drop 21%, while regionally-focused funds saw inflows fall by 40% which included emerging market funds that struggled due to a stronger US dollar.
Real estate funds struggled too as inflows fell to $115 million in June, their lowest level in 11 months, and more than 36% lower than the average since July last year.
However, fixed income saw a 42% quarter-on-quarter jump in net flows for Q2.
Ross Fox, Calastone head of Australia and New Zealand, said it appeared nerves about the delta variant of COVID-19 initially caused Australian investors to cut back on buying overseas-focused funds in Q2.