Flows out of equity funds increased for the third week running last week, climbing from $6.2 billion (Dh22.7bn) the previous week to $9.2bn for the week ending February 18, EPFR Global data indicated.
Bond funds again took in money, absorbing a net $539 million for the week.
“Optimism is, it appears, hard to extinguish. In a week when US automakers lined up for more cash, Ireland was touted as a candidate for a sovereign default and banks in Emerging Europe cast a fresh shadow on their parent companies, flows into EPFR Global-tracked commodity sector funds accelerated, high-yield bond and Latin America equity funds extended their winning streaks, US equity funds managed for growth again outperformed their value counterparts and money market funds posted their first three-week outflow streak since mid-June,” EPFR said in a statement.
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