Investors were prepared to take more risk in March, ploughing money into emerging market bond funds and other less risk-averse funds.
EPFR Global, which tracks fund flows, said that as well as emerging market bond funds, global emerging market equity funds took in over $1 billion, and high yield bond funds saw year-to-date inflows approaching nearly three times that of the full year total for 2011.
The backdrop to this included more decent US data, China’s announcement of a lower GDP target, an easing of the tensions surrounding Iran’s nuclear programme and the countdown to the deadline for Greece’s debt swap, said the data firm.
©2012 funds europe
