First Quarter Of 2014 To Maintain Strong Fund Flow

The first quarter of 2014 will maintain the trend of strong fund flow witnessed during 2013, despite the Fed’s recent announcement, notes Societe Generale. Alain Bokobza and team at Societe Generale point out the benign market reaction to the Fed announcement points to momentum-led inflows into US equities. Strong fund flow to continue in 1Q2014 Societe Generale analysts don’t anticipate the strong fund flow trends witnessed in 2013 to be interrupted by the Fed’s recent announcement. On the contrary, the analysts believe the dovish forward guidance is likely to be taken by the markets as a license to pursue assets…