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《汇丰银行-新兴市场-投资策略-新兴市场资本流入前景依然乐观-20171002-hsbc-gems funds flows outlook for capital flows to em remains positive》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。
1、GEMsfundsflowsMULTI-ASSETGLOBALEMERGINGMARKETSOutlookforcapitalflowstoEMremainspositiveInvestorsaddedoverUSD2.7bntoEMfundslastweekLastweek’sequityflowsBertrandDelgadoDirector,SeniorGEMsMulti-AssetStrategistUSDbn%AuMHSBCSecurities(USA)Inc.WemaintainapositivetoneonEMaswecontinuetoexpectan
2、improvingglobaleconomy,ledbybertrand.j.delgado@us.hsbc.comEMEAtotalChinaandotherEMs,recoveringglobaltradeandstabletostrongcommoditypricesthatliftEM+2125250745termsoftrade,andanongoingreformistoutlookledbylargeEMcountries.AlloftheseshouldKishoreMuktinutalapati*Lat-AmtotalEquityStrategist
3、enhancetheEM-DMgrowthdifferentialsinfavourofEM,encouragelocalinvestments,andHSBCSecurities&CapitalMarketsIndiaPvtLtdfacilitatefurtherallocationofcapital,portfolioandFDI,towardsEM.Moreover,HSBC’sviewonaAxJtotalkishoremuktinutalapati@hsbc.co.in+918045552756gradualwithdrawalofgloballiquidi
4、ty,low-for-longerlong-endUSTyields,softUSDandrelativelyJohnLomax*lowvolatility,furtherenhancesouroptimisticoutlookforEM.EMfundamentalshavealsoGEMsHeadofGlobalEmergingMarketEquityStrategyimprovedonthebackofbetterexternalbalancesandsoftinflation,allowingEMcentralbankstoHSBCBankplcEMtotalj
5、ohn.lomax@hsbcib.comcutratesandstayonaneutraltodovishpolicystance.Finally,valuationandpositioningsuggest+442079923712roomforfurtherappreciationofEMfinancialassets.TherisksarerelatedtoaggressiveG3-1.00.01.02.0-0.50.00.51.01.5monetarypolicies,slowingChina,andoutrightgeopoliticalmiscalcula
6、tions.Issuerofreport:Source:EPFRGlobal,HSBCGlobalinvestorsstillpreferredEMoverDMintheweekended27September,asapercentageofLastweek’sbondflowsHSBCSecurities(USA)Inc.AUM.AmongEMbondfunds,mostoftheinflowswenttoColombia,MexicoandIndiainUSDandUSDbn%AUMtoColombia,IndiaandSouthKoreaasapercentag
7、eofAUM.WithinEMequityfunds,Brazil,Published:SouthKoreaandTaiwantookthelargestdepositsinUSD,whereasFrontiermarkets,Mexico,EMtotal02October2017BrazilandPerugainedmostinflowsinAUM.Largegainsinnon-ETFandinstitutionalfundsByCurrency*Employedbyanon-USaffiliateofHSBCSecurities(USA)Inc
