Fund Flows and the Investment Process: Adding Value for Asian Investors
资金流动和投资过程：为亚洲投资者增添价值
 
Topic 1 - What’s driving the interest in flows – why do investors increasingly want to know the flows (10 mins)
We will explore why flows matter to investors.  Why are investors, particularly Asian investors, paying more attention to flows than before?    What’s driving the interest in flows - the global liquidity crisis, new trends such as the rise of ETFs, growing institutional allocation to EM (particularly Asia ex-Japan markets), perceived value of technical signals in Asian markets.  
Topic 2 - Types of flows (10 mins)
EPFR will explain the differences between various sources of flows information (stock exchange flows, foreign direct
Investment, and portfolio flows) that are available to Asian investors.   
What 3rd party research exists (for example IMF papers, academic papers) to help investors get more knowledgeable.
Topic 3 - Flows and the investment process (40 mins)
3A) Understanding flows’ information value as a systematic and discretionary input:  tips from EPFR’s Head of Quantitative Research
Ø  Cross-sectional vs time series approaches
Ø  Flows as a complement to other factors such as price – where is the additive value
Ø  Leveraging differences in investor type, flow type (retail vs institutional, active vs passive)
Ø  In which asset classes, and when, are flows particularly important.   
3B) Case Studies  - actual examples of how investors are using flows to

Room 303, 3/F, Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University, No. 211 West Huaihai Road, Shanghai. (Parking is available on site on the first floor for RMB10 per vehicle.)
上海市徐汇区淮海西路211号上海交通大学上海高级金融学院3楼303教室（场地方一楼可停车，停车费10元）

To register for this event, please send an e-mail titled “Fund Flows and the Investment Process” to info-sh@cfa-china.org.cn. Please include your name, member/candidate number, company name, and telephone number and total number of participants.