Emerging-market funds accounted for the bulk of worldwide equity-fund inflows last week, as investors reacted to expected dollar weakness, according to EPFR Global.
Mutual funds of global bonds, emerging-market equities and commodities enjoyed strong inflows in November.
Equity funds worldwide post a net outflow of $3.33 billion in the week ending August 19, according to data from Massachusetts-based EPFR Global.
Data from EPFR Global shows an increased appetite for diversified and developed markets.
EPFR Global attributes the strong inflows to corporate earnings and macroeconomic trends.
Investors pull back from emerging market funds and reassess whether there is truly cause to be optimistic on the global economic front.
Money market funds continue to record huge outflows. In Asia, India equity funds lead the way in net inflows.
First quarter figures show emerging market funds are benefitting from better prospects in the US.
Investors continue to favour emerging markets despite fears that valuations may be running ahead of fundamentals.
Asia ex-Japan equity funds post the greatest inflows among the four major emerging market equity fund groups tracked by EPFR Global.
No April fool: Global emerging-market equity funds get $1.2 billion of inflows in the first week of the month.
Emerging market equity funds took in $2.3 billion in net inflows last week, according to EPFR Global, amounting to the largest inflow since mid-December.