At first glance the flows into EPFR Global-tracked funds during the week ending January 7 suggest that little changed during the holiday season. On the heels of a year where investors pumped $422 billion into Money Market Funds and nearly pulled US Equity Fund flows back to neutral during the fourth quarter, 2009 started with Money Market Funds absorbing another $37 billion.
A closer look at the numbers, however, suggests that investor sentiment continues its slow thaw. High Yield Bond Funds had their best week since EPFR Global started tracking them weekly in 4Q04 as these funds took in $910.9 million, or 1.53% of their total assets.
EPFR clients received the data on which this summary was based on Jan 7.
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Tel: +1-617-864-4999 ext. 30 | Email: simon.ringrose@epfr.com
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