China funds gaining favour
Investors have shown a renewed liking for China equity funds in the face of continuing concern about the US "fiscal cliff", according to the latest analysis released by global fund flows specialist EPFR Global.
The company revealed today that China equity funds had posted their second biggest weekly inflow last week amid data suggesting that factory, retail and investment performance indicated the Chinese economy was regaining momentum.
It said that, by comparison, US equity funds had posted outflows for the ninth time in the past 11 weeks, with US bond funds slipping to a five-week low.
The EPFR analysis said that emerging markets equity and bond funds had continued their year-end performance, with flows into emerging markets equity funds hitting a 10-week high, while the year-to-date total for emerging market bond funds had climbed to within $1 billion of breaking the existing full-year record.
The analysis also noted that there were signs that investors in both the US and Europe were indicating they believed the Eurozone crisis may have passed its high point.
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