Global flows data reveals happier investors
The US Government's success in averting a tumble over the so-called fiscal cliff combined with better economic news out of China has helped fuel investor sentiment and fund inflows, according to global fund flows and allocations research house EPFR Global.
The company said that flows into its EPFR Global-tracked Equity Funds had hit a five-year high during the first week of January as retail commitments hit their highest level since late in the third quarter of 2009.
As well, it said actively managed funds had recorded their biggest inflow in US dollar terms since weekly tracking began in the first quarter of 2000.
The EPFR analysis said emerging markets and global equity funds had also posted weekly inflow records as investors continued the rotation towards equities that started in mid-December.
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