Cash is still king
Equity funds continue to post net outflows, save for a few that invest in global emerging markets, according to EPFR Global data.
Cash remained king during the third week of February as money market funds tracked by data provider EPFR Global recorded a net inflow of $17.2 billion, bringing year-to-date inflows to $103.2 billion. Based in Massachusetts, EPFR tracks around $10 trillion in assets in traditional and alternative funds worldwide.With stubbornly high oil prices reinforcing fears of low growth and high inflation in the worldÆs major developed economies, investors removed another $7.4 billion from equity…
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