Strong inflows to US funds continue
US equity funds and money market funds absorb inflows, while Asia ex-Japan funds continue to suffer from net outflows. Taiwan bucks the regional trend with eight straight weeks of net inflows.
US equity funds, money market funds and financial sector funds absorbed inflows in a memorable week when the US Federal Reserve cut its discount rate by 25 basis points, slashed its benchmark federal funds rate by 75 basis points and supported the fire-sale of investment banking major Bear Stearns to rival JPMorgan Chase, according to data provider EPFR Global. Based in Massachusetts, EPFR tracks around $10 trillion in assets in traditional and alternative funds worldwide.With the Fed…
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