Gavekal Capital: Bond Funds Post Largest Yearly Outflow Since 2004

Monday, January 6, 2014

Bond Funds Post Largest Yearly Outflow Since 2004

In what was the biggest bond market rout in years, bond funds saw just over $500bn of outflows in 2013 according to the Investment Company Institute (through November). Meanwhile, equity funds accumulated $128bn in new assets, making 2013 the best asset accumulation year since 2007.

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Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
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