Investor uncertainty shows in fund flows

Investors are refocusing on long-term economic and stock market prospects when assessing current valuations. This has translated to a slight pullback in equity funds in favour of fixed-income funds. In many cases, investors are struggling to make the connection between equity markets at 10- to 12-month highs and a global economy that has digested the bulk of the fiscal stimulus packages but continues to shed jobs, says Massachusetts-based EPFR Global in its latest report on global fu…