More money flows into emerging markets
Asia ex-Japan equity funds post the greatest inflows among the four major emerging market equity fund groups tracked by EPFR Global.
Investors continued to move away from cash and into emerging markets in the first week of May, extending a pattern that emerged in late-March.
Equity funds in Asia ex-Japan, Latin America, Europe, Middle East and Africa (EMEA) and diversified global emerging markets posted combined net inflows of $3.6 billion in the first week of May according to EPFR Global. Excluding money market funds, which recorded net outflows of $1.57 billion for the week, fixed income funds absorbed another $…
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