Markets

Strong inflows to US funds continue

By Rita Raagas De Ramos | 28 March 2008
Keywords: epfr | fund flows

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US equity funds and money market funds absorb inflows, while Asia ex-Japan funds continue to suffer from net outflows. Taiwan bucks the regional trend with eight straight weeks of net inflows.

US equity funds, money market funds and financial sector funds absorbed inflows in a memorable week when the US Federal Reserve cut its discount rate by 25 basis points, slashed its benchmark federal funds rate by 75 basis points and supported the fire-sale of investment banking major Bear Stearns to rival JPMorgan Chase, according to data provider EPFR Global. Based in Massachusetts, EPFR tracks around $10 trillion in assets in traditional and alternative funds worldwide.

With the Federal Reserve doing everything it can to prevent the lack of credit from triggering a recession – ...

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