Investors turn conservative post-US election
Global fund flows and data specialist company EPFR Global has pointed to investors adopting a highly conservative stance in the aftermath of the US election and the looming threat of the so-called fiscal cliff.
The company reported this week that fund flows into bond and money market funds had hit a record high during the past week, while volatility funds had recorded their biggest inflow since the third week of August.
It said this was occurring as investors focused on the "fiscal cliff" facing US policy-makers and the Eurozone's continuing struggle to resolve its four-year-old debt crisis.
The EPFR analysis said that, overall, investors steered over $50 billion into money market funds and nearly $10 billion into bond funds, while equity funds took in a net $1.12 billion.
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