After withdrawing $3.42 billion from U.S. equity funds in December, investors poured $7.23 billion into them in January, possibly signaling a reversal in the long interest in global and emerging markets funds, Investor’s Business Daily reports.

Meanwhile, investors’ interest in international funds slowed to $21.11 billion in January, down from $23.5 billion in January 2005. Most notable was the flows to emerging-markets funds: $1.7 billion, 50% less than the $3.4 billion they reaped in January 2005.

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