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1 Company Overview ………………………………………………………………………………... Data sourced through direct relationships with fund managers and administrators The EPFR universe.

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Presentation on theme: "1 Company Overview ………………………………………………………………………………... Data sourced through direct relationships with fund managers and administrators The EPFR universe."— Presentation transcript:

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2 1 Company Overview ………………………………………………………………………………... Data sourced through direct relationships with fund managers and administrators The EPFR universe covers $15 trillion in globally domiciled funds. Daily, weekly, monthly updates plus historical time series EPFR Global provides fund flow and asset allocation data to financial institutions around the world. EPFR Global delivers a complete picture of institutional and individual investor flows and fund manager allocation driving global markets.

3 2 Core EPFR datasets (based on data sourced directly from managers or administrators) Derived datasets Fund Flows Fund manager allocations at month-end across the countries or sectors they invest in. Equity/Bond Fund Flows – Daily/Weekly/Monthly *also includes AUM, Performance Fund Country Weightings – Monthly Sector/Industry Weightings – Monthly Equity/Bond Fund Holdings – Monthly Fund Allocations Country/Sector/ Industry Flows The amount of cash flowing into and out of funds world- wide. Distribution of fund flows by country or sector. Combines data from fund flows and fund allocations. Country/Sector/Industry Flows – Daily/Weekly/Monthly EPFR Global Data Services ……………………………………………………………………………… Regional packages available – Daily/Weekly/Monthly

4 3 Government/Central Banks Asset Managers Hedge Funds Banking and Brokerage Strategists Capital Markets Research Analysts Types of usage: Proprietary trading Directional calls for clients Targeting sales efforts Market analysis Fund Managers Portfolio Analysts Marketing and Product Development Types of usage: Factor in investment process Competitive analysis, product dev Asset allocation Quantitative analysis Regulators Monetary Authorities Types of usage: Cross-border flow analysis Flows impact on currency as well as local equity/debt markets Global Macro/EM/Discretionary Quantitative Investors Types of usage: Momentum trading Liquidity analysis Market timing Users of EPFR Global Data ………………………………………………………………………...…………………………………

5 4 (A) Weekly flows as a % of AUM Net inflows/outflows after removing market performance and currency impact Fund Flows: Overview …………………………………………………………………………………………...

6 5 (includes Global & US ) Fund Flows: Top down views of countries, sectors, style / capitalization …………………………………………………………………………………………………………………………………………………………………………………………….…………………………………………………………....

7 6 Fund Flows: Drill down to detail view ……………………………………………………………………………..………………………………………………….………….……

8 7 Actual country and regional weightings (in % of AUM) Country Allocations: Overview ………………………………………………………………………………………………………………

9 8 Industry Allocations (GICS Level II) Sector Allocations (GICS Level I) Sector/Industry Allocations: Overview ………………………………………………………………………………………………………………………………………………………….. Actual sector and industry weightings (in % of AUM)

10 9 High Frequency Data: Country/Sector/Industry Flows ………………………………………………………………………………………………………………………………………………………………………………………………………………………………..…………. Country Flows Sector / Industry Flows (GICS Level I & II)

11 10 Equity Fund Flows Daily ReportWeekly ReportMonthly Report Equity Fund Category # of Funds $US billions # of Funds $US billions # of Funds $US billions GEM Asia ex-Japan Latin America EMEA Global Pacific Japan Western Europe USA Sector Funds TOTAL Universe Coverage: Equity Fund Flows …………………………………………………………………………………………………………………………………………………………… Calculates Net Flows (investor contributions/redemptions) for individual funds and for various fund categories Net Flows calculations exclude portfolio performance and currency fluctuations Reports are organized by fund category Includes funds registered globally (including US-registered funds) and tracks global investor flows rather than just that of US investors Other value-added qualitative fields include: Retail vs Institutional funds Active vs Passive ETF vs MF Domicile Currency of funds Benchmark of fund Advisor name

12 11 Bond Fund Flows Daily Report Weekly Report Monthly Report Bond Fund Category # of Funds $US billions # of Funds $US billions # of Funds $US billions Emerging Market Global2, , , High Yield USA2, , ,6911, Money Market 1,8902, ,9773, ,1563, Balanced TOTAL9,0334, ,4785, ,2527,098.9 Universe Coverage: Bond Fund Flows ………………………………………………………………………………………………………………………………………………………… Calculates Net Flows (investor contributions/redemptions) for individual funds and for various fund categories Net Flows calculations exclude portfolio performance and currency fluctuations Reports are organized by fund category History sheet shows weekly/monthly aggregate flows year- to-date by fund category Includes funds registered globally (including US-registered funds) and tracks global investor flows rather than just that of US investors Other value-added qualitative fields include: Retail vs Institutional funds Active vs Passive ETF vs MF Domicile Currency of funds Benchmark/Index Advisor name

13 12 Global Sector Fund Flows Daily Report Weekly Report Monthly Report Sector Fund Categories # of Funds $ US billions # of Funds $ US billions # of Funds $ US billions Commodities/ Materials Consumer Goods Energy Financial Health Care/ Biotech Infrastructure Real Estate Technology Telecom Utilities TOTAL2, , , Universe Coverage: Global Sector Fund Flows ……………………………………………………………………………………………………………………………………………………………………………………..…… Calculates Net Flows (investor contributions/redemptions) for individual funds and for various fund categories Net Flows calculations exclude portfolio performance and currency fluctuations Reports are organized by fund category History sheet shows weekly/monthly aggregate flows year- to-date by fund category Includes funds registered globally (including US-registered funds) and tracks global investor flows rather than just that of US investors Other value-added qualitative fields include: Retail vs Institutional funds Active vs Passive ETF vs MF Domicile Currency of funds Benchmark/Index Advisor name

14 13 Individual funds grouped by fund category (GEM Equity, Global Equity, Asia ex-Japan Equity, Latin America Equity, EMEA Equity, Pacific region, Global Equity, EM Bond, Global Bond) Average weightings of all individual funds and by investment manager (with multiple funds) History tabs each month show year-to-date historical country, regional and sector weighting aggregates by fund category Bond Fund Country Weighting Fund Category # of Funds $US billions Global Emerging Markets Global/International Regional Emerging Markets TOTAL Equity Fund Country Weighting Fund Category # of Funds$US billions Global Emerging Markets Global (ex-US) Global Asia ex-Japan Pacific Latin America Emerging Europe/Middle East/Africa Western Europe TOTAL Universe Coverage: Equity/Bond Fund Country Weightings ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..…

15 14 Individual funds grouped by fund category (GEM Equity, Global Equity, Asia ex-Japan Equity, Latin America Equity, EMEA Equity, Pacific region, Global Equity, EM Bond, Global Bond) Average weightings of all individual funds and by investment manager (with multiple funds) History tabs each month show year-to- date historical country, regional and sector weighting aggregates by fund category Equity Fund Sector Weightings Fund Category Sector Level – GICS I Industry Level – GICS II # of Funds $US billions # of Funds $US billions Global Emerging Markets Global (ex-US) Global Asia ex-Japan Latin America E. Europe/Middle East/Africa W. Europe Country Funds TOTAL Universe Coverage: Equity Fund Sector Weightings …………………………………………………………………………………………………………………………………………………………………………………………….………………………….……………

16 15 Monthly Equity Fund ReportsAvailable History Equity Fund Flows: Emerging Mkts & Global/Int'l.* January present Equity Fund Flows: Dev. Europe & JapanJanuary present Equity Fund Flows: USAMay present Global Sector Fund FlowsOctober present Equity Fund Country Flows - Aggregate**January present Equity Fund Country Weightings ***January present Equity Fund Sector Weightings****November present Equity Fund PerformanceJanuary present Equity HoldingsJuly present *Global /Int'l Funds: data available from Sept present ** For those non-EM funds: Australia & New Zealand: data available from Jan 2000; Japan: data available from Jun 2001; Western Europe, Canada, USA: data available from Nov 2002 ***Global /Int'l Funds: data available from January present ****Global /Int'l Funds: data available from February present Weekly Equity/Bond Fund ReportsAvailable History Equity Fund Flows: Emerging Markets & Global/Intl. October present Equity Fund Flows: Dev. Europe & JapanJanuary present Equity Fund Flows: USAMay present Global Sector Fund FlowsJanuary present Bond Fund Flows: EM, Int'l & High Yield*April present *High Yield Bond Funds: data available from January present Monthly Bond Fund Reports Available History Bond Fund Flows: EM, Int'l* & High Yield**January present Bond Fund Country Flows - AggregateJanuary present Bond Fund Country Weightings***November present Bond Fund PerformanceJanuary present Bond HoldingsJune present * Int'l Bond Funds: data available from Sept present ** High Yield Bond Funds: data available from January present *** Int'l Funds: data available from July present Data History ……………………………………………………

17 16 Forecasting Market movements Values derived from fund flows are valuable in asset allocation decision making and serve as an early warning of upturns and downturns in markets. Flows are also a critical tool in measuring liquidity. Enhancing Models Build portfolio strategies based on aggregate net flow data for regions, sectors or asset classes. Market timing Enter early into sectors that show an opportunity for large future inflows. Use flows data to monitor changes in underlying demand for the sector. Monitoring FX markets Leverage the predictive power of fund flows to anticipate currency movements. Flows as a predictive Indicator ING Investment strategist Brian Gendreau illustrates the predictive power of weekly flows. Using EPFR flow data for emerging markets, Gendreau developed a trading strategy. When back tested this strategy earned annualized gross returns of 35% vs. 16% for the index. Usage Example: Fund Flows Data ………………………………………………………………………………………………………………………………………… Managers use EPFR Global fund flows data to boost return and increase alpha by :

18 17 Find the inflection points Future market movements and valuation. Tracking smart money and what it can reveal? Identify liquidity opportunities Valuable information on the changing risk appetite of fund managers. Analyze market peers Identify industry leading allocation strategies to enhance your own positioning. Usage Example: Country & Sector Allocations Data …………………………………………………………………………………………………………………………………………………………………………………………………….……….

19 18 Sell Side "The flow data from EPFR has proved to be a useful source of added value in some quantitative models of equity markets we have constructed. It provides an extra dimension of information to that available from the typical equity market databases used by quants and so affords an edge in performance over much of the competition." Dr. Stephen Rees Head of Investment Process Research Schroders, London Emerging market mutual funds' country allocations appear to contain information on future equity returns beyond that contained in standard valuation and momentum indicators. Analyst Global Asset Allocation Research Team Salomon Smith Barney I find the EPFR Global Country Weightings Report to be an invaluable tool in helping me track my competitors' regional and country allocations on a monthly basis. The Report is timely and very comprehensive. Brad Aham Portfolio Manager State Street Global Advisors Sample Clients ……………………………………………………………… Buy SideGovernment/Media

20 19 EPFR Global acquires Emerging Market Funds Research, Inc., a database of global equity and fixed income funds. 2001: EPFR Global expands fund database by four-fold to more than 15,000 equity and fixed income funds with $10 trillion in assets. Client base expanded by nearly 10-fold and includes leading institutional investors, global equity and fixed income analysts, strategists, investment managers, hedge funds, central bankers, etc : EPFR Global launches Research and Analysis Services, providing independent research services for investment management firms. 2000: EPFR Global launches Russia Portfolio, Central Europe Portfolio and Brazil Portfolio: publications serving more than 600 institutional investor clients worldwide : EPFR Global founded Cambridge, Massachusetts USA1994: EPFR Global launches new Web Interface, new Country Flows data set, and Web Services for automated data delivery in trading and investment models. 2008: Company History …………………………………………………………..…………… 2009: EPFR Global launches initiative to provide weekly and monthly global fund flows data through Haver Analytics DLX platform. EPFR Global is acquired by Informa plc and becomes a wholly-owned subsidiary of Informa USA. 2010:

21 20 Dwight IngalsbeManaging Director/Co-FounderTel: (+1-617) ext. 26 Brad DurhamManaging Director/Co-FounderTel: (+1-617) ext. 24 Ian WilsonManaging Director, Fund DataTel: (+1-804) Cameron BrandtDirector, ResearchTel: (+1-617) ext. 22 Simon RingroseManaging Director, SalesTel: (+1-617) ext. 30 Patrick ParadisoSales (Latin America)Tel: (+1-917) Jean-Claude MoosSales ExecutiveTel: (+1-212) Rikolv Hatlehol-DesaiSales Director (EMEA)Tel: (+44) Young-il SunwooSales (Korea)Tel: (+821) Pui-Kam HoSales (Hong Kong)Tel: (+852) Robert Sheridan Todd Willits Business Development Manager, Asia Manager, Client Services Tel: (+65) Tel: (+1-617) ext Key Contacts ……………………………..…………………………


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