Dramatic re-rating of the US at expense of other markets: Cameron Brandt

The jump in new Covid cases in India is spooking foreign institutional investors, says Brandt

CAMERON BRANDT, director of research at EPFR, gives an insight into how big money has moved across geographies and asset classes over the past few months and the road ahead for flows, during an interview with Puneet Wadhwa. Edited excerpts:

Where has the global big money flown to thus far in 2021?

Coming into 2021, investors were looking at Asia to lead the global rebound. Between December 2020 and the end of January 2021, they pulled $55 billion from EPFR-tracked European and North American equity fund groups, while steering over $18 billion into Asia Pacific and Asia ex-Japan equity funds. Since the