More money flows into emerging markets

Investors continued to move away from cash and into emerging markets in the first week of May, extending a pattern that emerged in late-March. Equity funds in Asia ex-Japan, Latin America, Europe, Middle East and Africa (EMEA) and diversified global emerging markets posted combined net inflows of $3.6 billion in the first week of May according to EPFR Global. Excluding money market funds, which recorded net outflows of $1.57 billion for the week, fixed income funds absorbed another $…