Global Equity in the Fourth Quarter of 2016

We recently published the final 2016 edition of our Global Equity Assets Report, aka GEAR, covering the fourth quarter of last year.

Ipreo’s GEAR is published quarterly, and covers institutional investment across all countries, regions, and sectors. Due to the release time-frame for the data summarized within the report, publication is always one quarter behind. That means that this report contains information on the markets as they adjusted to the results of the U.S. Presidential election, which weren’t exactly predictable.

This issue, covering October, November, and December, takes a close look at the North America region. The third quarter saw the region perking up after a lot of ups and downs, but the roller coaster ride continued in Q4, as equity investment in North America saw an outflow of $1.4 after Q3’s impressive $74.7B inflow (which itself came after Q2’s $15.4B decline). Consistency has not been the name of the game in North America lately. One quarter after the United States bumped the United Kingdom aside to be the quarter’s top buyer, Norway does the same to the U.S., adding $10.6B to its holdings in North American equities to take the top spot, while the UK sold off $11.0B in assets to rank as the quarter’s top seller.

Only five of the nine sectors saw net inflows during the last three months of the year, with Utilities’ 1.5% increase as the largest inflow, maintaining momentum after gaining 0.5% in Q3. Consumer Goods, Consumer Services, Healthcare, and Technology all experienced outflows, with Consumer Goods falling the most, with a 0.7% drop.

The latest GEAR also drills down into global investor activity in all nine macro sectors. Looking ahead, the next report will bring us into the new year, where we’ll see just how far the ripples from two events that dominated the news cycle the latter half of the year – the Trump’s election and Brexit – have spread.

The Global Equity Assets Report is published quarterly, and covers institutional investment across all countries, regions, and sectors. In an attempt to ensure that our data is as comprehensive and accurate as possible, the report pulls from a variety of sources, including publicly-disclosed information, collected from such sources as regulatory ownership filings (including SEC forms 13F/D/G), disclosures made by mutual funds / pension funds to their beneficiaries, registration statements, news releases, and other sources. It should be noted that regulatory filings and other ownership sources vary widely country-by-country as to their completeness and timeliness.

Read the entire GEAR Q4 2016 issue.