Asia funds favoured, except for India and Japan equity
Emerging-market funds accounted for the bulk of worldwide equity-fund inflows last week, as investors reacted to expected dollar weakness, according to EPFR Global.
Against a backdrop of disappointing US employment, manufacturing and housing markets data, investors allocated more to emerging-market (EM) funds in early August as they sought protection from the dollar weakness they believe will follow, says US-based EPFR Global.
In the week to August 4, Asia ex-Japan equity funds took in cash overall, but Japan equity funds saw outflows. Flows into Asia ex-Japan equity funds were underpinned by interest in the extremely strong economic growth stori…
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