Emerging market and bond funds still on a roll

Money market funds continue to suffer, with $55 billion in net outflows during the week ending June 17, the biggest weekly outflow from this fund group since EPFR Global started tracking them. On the flipside, emerging markets, commodities and bond funds continued to attract fresh cash despite the lack of any fresh incentive to buy on the macroeconomic front. Policy initiatives, the debate about China's growth prospects and a sharp but temporary drop in risk appetite also shaped fund flows in mid-June, according to EPFR Global, which tracks more than $10 trillion in assets globally.