Global bond funds continued to build upon momentum gained in previous weeks while emerging market bond funds had net outflows for the fourth week in a row, according to data released Monday by Emerging Portfolio Fund Research.
Global/International equity funds saw steady inflows of $238 million, and bond funds pulled in $139 million last week. Equity funds saw $132 million walk out the door during the same time frame. EPFR said that during the week, equity funds were overwhelmed as investors in Europe, the U.S. and Japan pulled money out of the funds. U.S. equity funds saw outflows of $118.5 million, marking four weeks of outflows in the last five weeks. Investors have yanked money from European equity funds for three straight weeks and two out of the last three weeks for Japan equity funds.