Retail investors appeared to be more concerned about the US fiscal cliff than their counterparts in the institutional space, according to the latest analysis from specialist fund tracking company EPFR Global.
In an analysis released this week, the company said that for a sixth straight week net inflows for all equity funds had been driven by institutional investors.
It said that, by comparison, retail investors had pulled money out for a 26th consecutive week, with retail redemptions during the week ending 2 January at their highest level since mid-May.
However the analysis said investors had kept faith with emerging markets, especially Asian ones, and EPFR Global-tracked equity funds extended their longest inflow streak since a 10-week run ended in mid-4Q10.
