Funds benefit from US moves to stabilise financial sector

Feb 3, 2009

Investors take up shares on hopes that the new US administration will step up efforts to fix the country's broken financial sector.

Money market, equity and bond funds recorded net inflows of $6.8 billion, $1.56 billion and $35 million worldwide in the last week of January, according to EPFR Global. The US-based firm tracks the fund flows and asset allocations of more than 15,000 equities, fixed-income, and hedge funds domiciled globally with $11 trillion in total assets.

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