DAX-Sentiment: Falling optimism without sales17. January 2013 by Herman Brodie
Investors hope for a cheaper buying opportunity.
16 January 2013. FRANKFURT (Börse Frankfurt). The latest data from EFAMA, the European Fund and Asset Management Association, confirmed this week that inflows into European investment funds accelerated for a second consecutive month in November. Equity products were the clear winners; they attracted double the inflow of fixed-income products – a sharp reversal of the pattern seen earlier in 2012. And these were not just any investors: insurance companies were the major buyers of equity funds. Without knowing it, this is precisely the development we believed had to be behind the sudden shift in sentiment in Boerse Frankfurt’s weekly sentiment survey at the start the third quarter. Although, at the time, fund managers might not have shared the beliefs of these new investors, they were at least smart enough to fight the flow...
Read more on Boerse Frankfurt’s website