Flows remained positive overall, with some investors viewing the correction in global equity markets as a buying opportunity. But Europe and Emerging Europe equity funds posted their biggest weekly outflow in 29 weeks and 61 weeks respectively, data from EPFR Global revealed.
US funds continued to incur favour with $2bn flowing their way, while Canada equity funds climbed to a 12-week high and Mexico equity funds posted the biggest inflows of any emerging markets single country funds.
Meanwhile, redemptions from GEM funds hit a 44-week high as appetite for taking risk waned.
Investor’s desire for exposure to Japan’s equity rally continued unabated, however, pushing the year to date total inflows past the $7.5bn mark.
This means Japan equity funds are on track for their biggest quarterly inflows since the fourth quarter in 2005, EPFR Global said.
