Latest news with #netinflows
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
BlackRock Shares Tumble After Big Client Redemption Blunts Quarterly Results
BlackRock's BLK -5.36%decrease; red down pointing triangle shares tumbled more than 6% Tuesday after the investing giant said a large client pulled money during the second quarter. The investment firm's $5.42 billion in quarterly revenue fell short of analysts' average estimates, driven in part by lower net inflows. A key culprit of the shortfall was a move by a single institutional client in Asia to pull $52 billion from the firm's index funds.
Arab News
3 days ago
- Business
- Arab News
Foreign investors buy $4.2bn GCC stocks in Q2, up 50%: Kamco Invest
RIYADH: Foreign investors sharply increased their exposure to Gulf stock markets in the second quarter of 2025, with net inflows surging 50 percent compared to the previous three months to reach $4.2 billion. According to the latest analysis done by Kamco Invest, a Kuwait-based non-banking firm, this momentum extended the streak of net foreign inflows into Gulf Cooperation Council equities to six consecutive quarters, with total net purchases in the first half of 2025 rising 39.8 percent year on year to $7 billion. The surge comes as GCC equity markets continue to attract global capital, buoyed by strong corporate earnings and ongoing economic reforms. In the first quarter alone, 11 initial public offerings raised $1.6 billion — up 33 percent from a year earlier — driven largely by Saudi Arabia, which accounted for 69 percent of total proceeds, according to a PwC Middle East analysis published in May. In its GCC Trading Activity Quarterly Report, Kamco said: 'Foreign investors, including institutional and retail investors, were net buyers on GCC stock markets during Q2 2025 with net buying at $4.2 billion as compared to $2.8 billion in net buying during Q1 2025.' Saudi Arabia led the region with $1.4 billion in net foreign buying, a major jump from $252.3 million in the previous quarter, highlighting growing investor confidence in the Kingdom's market liberalization efforts. The increased appetite of foreign buyers in the Saudi exchange underscores the progress of the country's economic diversification efforts, as the Kingdom continues to strengthen its capital market and reduce its reliance on crude revenues. In May, Saudi Arabia's Capital Market Authority revealed in its annual report that net foreign investments in the Kingdom's stock market rose to SR218 billion ($58.1 billion) in 2024, marking a 10.1 percent increase compared to the previous year. The Kamco report noted that the UAE saw $1.33 billion in net inflows into the Abu Dhabi Securities Exchange in the second quarter, while Kuwait saw $696.5 million, Dubai $462 million, and Qatar $333.6 million. In contrast, Oman and Bahrain recorded net foreign outflows of $29.6 million and $27.9 million, respectively. 'The 1H 2025 data of trading activity on GCC exchanges indicated that net buying at the aggregate level, although the trend differed at the country level due to net sales during Q1 2025 for some of the exchanges,' said Kamco Invest. In terms of first-half performance, the UAE attracted the highest foreign inflows at $4.6 billion, followed by Saudi Arabia with $1.6 billion and Kuwait at $1.4 billion. In a landmark regulatory shift, Saudi Arabia's Capital Market Authority recently announced that citizens and residents of GCC countries will be allowed to invest directly in Tadawul, the Kingdom's main stock exchange. This move is part of a broader effort to modernize Saudi Arabia's capital markets and enhance foreign investor participation. It aligns with the Kingdom's ambitious Vision 2030 strategy, which aims to diversify the economy, boost market liquidity, and strengthen its financial standing in the Gulf region. In its latest report, Kamco noted that exchanges in Kuwait, Abu Dhabi, and Qatar witnessed consistent foreign buying throughout the three months of the second quarter. In contrast, Saudi Arabia saw net foreign selling in April, followed by net buying in the subsequent two months. Oman was the only exchange in the GCC region to record net foreign selling in each of the three months of the quarter. 'Some of the key factors that affected the flow of foreign money in the region included regional market trends, initial public offerings, geopolitical issues, economic health of the individual countries and crude oil prices,' added Kamco. Market performance GCC equity markets delivered a mixed performance in the second quarter, with five of the seven regional exchanges posting gains, reinforcing a broadly optimistic investor outlook. Aggregate share trading volume across the region reached 94.73 billion shares in the quarter, up 9.1 percent from the first quarter. Qatar led the increase with 12.5 billion shares traded — up 39.4 percent — followed by Dubai with 16.3 billion shares, a 21 percent increase. In contrast, trading volumes in Saudi Arabia and Bahrain declined by 5 percent and 61.5 percent, respectively, during the same period. The total value of shares traded in the second quarter reached $151.8 billion, representing a marginal decline of 3.75 percent compared to the first quarter. Saudi Arabia, Kuwait, and Bahrain recorded declines in trading value, while the rest of the GCC markets saw gains during the period. The analysis revealed that Abu Dhabi posted the largest increase in value traded, reaching $22.5 billion in the second quarter, up from $20.3 billion in the first three months of the year. Trading activity on Saudi Arabia's stock exchange stood at $89 billion in the second quarter, down from $95.7 billion in the previous quarter. Top 10 GCC stocks The Kamco analysis showed that six Saudi listed stocks ranked among the top 10 most traded GCC equities by trading value in the second quarter of 2025. The combined trading value of the top 10 stocks across the region reached $34.7 billion, accounting for 36.6 percent of the total value traded during the quarter. Al-Rajhi Bank led the list with $5.8 billion in trading value, followed by energy giant Saudi Aramco at $5.1 billion, International Holdings Co. at $4 billion, ADNOC Gas at $3.4 billion, and stc at $3.1 billion. Saudi National Bank saw trading activity of $3 billion, followed by Emaar Properties at $2.9 billion and Alinma Bank at $2.8 billion. Kuwait Finance House recorded $2.5 billion in trades, while Umm Al Qura for Development and Construction Co., also known as Masar, saw $2.1 billion.
Independent Singapore
09-06-2025
- Business
- Independent Singapore
Singapore fund inflows rebound in 2024 at S$7.6B, up 167%
Photo: Freepik/freestockcenter SINGAPORE: Singapore's fund management industry rebounded in 2024, pulling in S$7.6 billion in total net inflows, up 167% from the S$2.85 billion recorded the year before. According to Singapore Business Review, citing the latest quarterly report from the Investment Management Association of Singapore (IMAS), net inflows in the fourth quarter of 2024 (Q4 2024) alone reached S$1.72 billion, led by fixed income and allocation funds at S$758.83 million and S$630.09 million, respectively. Money market funds, which had an inflow of S$1.5 billion in the previous quarter, followed with S$158.83 million. Equity funds also recorded inflows of S$171.83 million. Meanwhile, alternative assets, commodities, and convertibles posted minor outflows. In Singapore, global equity income funds saw the highest inflows, attracting S$91.83 million, followed by Singapore equity funds, which drew in S$78.82 million. In contrast, Asia-Pacific ex-Japan equity funds had the most outflows at S$121.85 million. Globally, fund flows were mixed. In Q4 2024, the US equity market drew US$145.6 billion in fresh inflows, driven mostly by large blend funds. In Europe, equity inflows reached €13.56 billion (S$19.66 billion). Meanwhile, China bucked the trend with ¥85.48 billion (S$761.7 million) pulled from equity funds in the same period. Fixed income stayed popular with investors globally. US fixed income brought in US$128.3 billion (S$165.2 billion), while Europe recorded €75.36 billion in net income inflows for Q4. In Asia, the city-state's fixed income segment pulled in S$758.83 million, led by global fixed income at S$415.82 million and Asia fixed income at S$278.79 million. /TISG Read also: Citi sees social finance funding in Asia growing 10% in 2025 as investor interest heats up
Bloomberg
15-05-2025
- Business
- Bloomberg
Aviva's Wealth Unit Sees £2.3 Billion Inflows as Assets Rise 5%
UK insurer Aviva Plc said its wealth unit saw net inflows in the first quarter, with assets under management in the business rising by 5%. The arm attracted a net £2.3 billion ($3.1 billion), while the firm's asset management business, Aviva Investors, recorded net outflows of £906 million in the three months through March, according to a trading update on Thursday. General insurance premiums increased 9%.
Free Malaysia Today
14-05-2025
- Business
- Free Malaysia Today
Foreign investors extend buying streak on Bursa with RM423mil inflows
The three sectors with the highest net foreign inflows were utilities, telecommunications and media, and financial services. (Envato Elements pic) KUALA LUMPUR : Foreign investors extended their streak of net inflows on Bursa Malaysia for the third week, recording a net inflow of RM422.6 million last week, though lower than the previous week of RM853.3 million. According to MIDF Amanah Investment Bank Bhd's fund flow report for the week ended May 9, foreign investors were net buyers on every trading day, except Monday and Thursday, which saw outflows of RM92.4 million and RM42.4 million, respectively. It said the highest net inflow was recorded on Wednesday at RM364.8 million, followed by Friday with RM135.1 million. 'The three sectors that recorded the highest net foreign inflows were utilities (RM253.3 million), telecommunications and media (RM53.3 million), and financial services (RM51.1 million). 'The only two sectors that recorded net foreign outflows were energy (RM57.5 million) and technology (RM56 million),' it said. Meanwhile, MIDF stated that the local institutions extended their streak of net selling to three consecutive weeks, with outflows amounting to RM397.8 million. It said the local retail investors extended their trend of net selling to the fourth week, though the outflow eased to RM24.8 million compared to RM161.2 million the week before. 'The average daily trading volume saw a broad-based increase last week, with local institutions and local retailers seeing an increase of 8.6% and 2.9%, respectively, while foreign investors saw an increase of 6.1%,' it said.
