Inflows into EPFR Global-tracked EM funds were at their highest levels since Q2 last year and financial sector funds saw their biggest weekly inflows since the fourth quarter of 2010.
Overall, EPFR Global-tracked equity funds absorbed $8.62bn in the week to 25 January, with emerging markets representing nearly a half of that total.
Meanwhile, bond funds took in $6.08bn and money market funds saw outflows of $7bn, another indication risk appetite is returning to markets.
This was also shown by the lowest level of redemptions from equity funds in over six months.