The Final Countdown THE FINAL COUNTDOWN +$17.7bn


First quarter flows into hedge funds globally. Source: eVestment


23%


The year-on-year fall in demand for gold during the first quarter as 177.9 tonnes flowed out of gold-backed ETFs. Source: World Gold Council


€100m


The amount raised from the European Investment Bank’s first digital bond issuance. Source: European Investment Bank


€15bn


The inflows into global equity funds based in Europe during March. Source: Refinitiv Lipper


$7bn


The equity secured for 11 SPACs in the first quarter. Source: Seraphim Capital


72 %


…of institutional investors are implementing ESG into their investment decisions, up from 61% in 2018. Source: Natixis


25%


The level of investors who believe corporates will deliver on their 2050 net zero targets. Source: Procensus


1.9%


The forecast level of UK inflation by the end of 2021, up from 0.7% in March. Source: Bank of England


Quote of the Month


“It is interesting how ESG has gone from being a ‘wouldn’t it be nice to make the world a better place’ approach to being data driven.”


Madeleine King, LGIM 26.7%


The year-on-year decline in underlying UK dividends during the first quarter to £12.7bn. Source: Link


54 | portfolio institutional | May 2021 | issue 103


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