Equities back in favour for sovereign investors in third quarter

Sovereign wealth funds regained their appetite for equities in the third quarter, piling into passively managed stocks in the United States and equities in mainland China and elsewhere, according to eVestment data. In another sign of renewed interest in equities, sovereign investor inflows to global enhanced equity funds -- which are actively managed -- reached $1.05 billion, their largest since the fourth quarter of 2017. "This is an indication that SWFs (sovereign wealth funds) have slowly seen their sentiment change in the near term to global equities, both to active and passive strategies, as they had been removing assets at an elevated rate in the three quarters prior to Q2 2019," said Peter Laurelli, global head of research at eVestment, which collates data from firms managing money on behalf of institutional investors.

https://finance.yahoo.com/news/equit...html?.tsrc=rss