Flows into all equity funds hit a five-week high of $10.1bn, of which $6.9bn flowed into US Equity Funds, according to EPFR Global, a data firm.
The figures are taken from the week ending January 19 and it was the sixth week of net inflows to US Equity Funds in the past seven weeks, amounting to total inflows of $17.3bn for this period, mainly into Large Cap funds. This comes on the heels of total outflows from all US Equity Funds of $49 billion in 2010.
Emerging Markets Equity Funds accounted for $1.7bn of the weekly inflows, and institutional investors swamped modest inflows from their retail counterparts as they pulled over $30bn out of Money Market Funds.
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