While mutual fund assets have hit a record $7.4 trillion and flows have been buoyed by an improved economy, EmergingPortfolio.com tracked a slight easing of money in the first week of February in one of the strongest categories this year.

Asia ex-Japan equity funds lost some of their steam in the first week of February, losing $43.12 million, according to the fund research company. Latin American equity and emerging market bond funds also had outflows.

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