June 2013 (Chinavestor) Abundance of money flows continued to drive equity markets world wide for the month of May. With no change in policy for the short term, we expect current trends to continue into the summer of 2013. We highlighted fundamentals driving stock markets globally in our previous Newsletter, e.g. the FED’s $1 trillion/year bond buying policy coupled with Bank of Japan’s (BOJ) decision to double the monetary base within a short period of time. The abundance of cash trickles down to risky assets, including Chinese ADRs and peripheral government bonds, among others. This is clearly seen by the lack of financing woes from countries like Greece, Spain or Portugal.