Investors targeted developed-world equity markets in January following expectations that both the US and European Union will grow faster than expected during the first half of 2011.
EPFR Global-tracked Emerging Markets Equity Funds posted their first outflow in five weeks and their biggest outflow since early 3Q 2008 during the week ending January 26.
Meanwhile Developed Markets Equity Funds took in fresh money for the seventh time in the past eight weeks.
Flows into Japan and Europe Equity Funds hit 43 and 34 week highs respectively while the diversified Global Emerging Markets (GEM) Equity Funds had their worst week in nearly three years.
©2011 funds europe
