Geographic Focus Breakdown
Each fund will have a geographic mandate to where it can invest. Below we outline the Developed and Emerging Market regional breakdowns EPFR considers.
- Developed Markets: Funds that invest in developed market funds and include Asia Pacific, Global, North America, and Western Europe.
- Asia Pacific: Funds that invest in Australia, Hong Kong, Japan, Pacific Regional, Singapore, and New Zealand.
- All Global: Funds that invest in both developed and emerging markets and include both Global and Global ex-US investment mandates.
- Global: Funds that can invest in a broad range of countries and are not limited geographically with a relative lack of investment restrictions.
- Global ex-US: Contains a different subset of global funds that invest in a range of countries excluding the United States.
- North America: Funds that invest in the United States and Canada.
- Western Europe: Funds that invest in developed European markets and include Austria, Belgium, Denmark, Europe ex-UK Regional, Europe Regional, Finland, France, Germany, Greece, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom, and Ireland.
- European Regional: Funds that invest across multiple countries in the European continent, including the United Kingdom.
- Europe ex-UK: Contains a different subset of funds that invest in multiple countries in the European continent, excluding the United Kingdom.
- Emerging Markets: Funds that invest in emerging market funds and include Asia Ex-Japan, EMEA, GEM, and LatAm.
- Asia ex-Japan: Funds that invest in Asian emerging markets; excludes Japan. Includes Asia ex-Japan Regional mandate and all of the individual country mandates within this region - Bangladesh, China, Greater China, India, Indonesia, Korea (South), Malaysia, Pakistan, Philippines, Taiwan Province of China, Thailand, Vietnam, and Mongolia.
- Asia ex-Japan Regional: Only includes funds that invest in the broad Asian market and excludes funds that have mandates to invest in single countries.
- EMEA: Funds that invest in Africa Regional, Baltic Republics, Bulgaria, Slovak Republic, Czech Republic, Egypt, Emerging Europe Regional, Europe, Middle East & Africa Regional, Hungary, Israel, Kuwait, Middle East Regional, Oman, Poland, Qatar, Romania, Russia, Saudi Arabia, South Africa, Turkey, Ukraine, United Arab Emirates, Morocco, Nigeria.
- Global Emerging Market (GEM): Specific funds that invest majority of their fund assets across all Emerging Market regions of the world and include BRIC and Global Emerging Markets.
- Latin America (LatAm): Funds that invest in Latin American emerging markets and include Argentina, Brazil, Chile, Colombia, Latin America Regional, Mexico, and Peru.
- Asia ex-Japan: Funds that invest in Asian emerging markets; excludes Japan. Includes Asia ex-Japan Regional mandate and all of the individual country mandates within this region - Bangladesh, China, Greater China, India, Indonesia, Korea (South), Malaysia, Pakistan, Philippines, Taiwan Province of China, Thailand, Vietnam, and Mongolia.
Stock Flows GeoFocus Breakdown
Stock $ flows are aggregated by Geographic Focus groups in order to give better insight into where the money flowing into a specific security has come from. For example, we can then view the $ amount going into Apple from US-mandated funds versus UK-mandated funds.
We can also easily aggregate the flows to an individual security from a customized group of geographic focuses, by simply summing each of their calculated stock $ Flows. For the total stock $ flow into a security (from all GeoFocus Regions), you can simply sum the stock $ flow amount across all geographic focuses. (Note: All Stock $ Flow figures are published in millions USD.)