Global equity funds witnessed an outflow of $1.4 billion, a four-week low, for the week ended October 12, Reuters reports. The fall in outflow was due to institutional investors returning to the equity market because of the expectation that policy makers would back Europe’s banks.
Redemptions from equity funds internationally monitored by EPFR Global were $1.37 billion for the week. However, developed market equity funds saw net inflows for the first time in five weeks. Investments in exchange traded funds were $2.4 billion for the week, as per EPFR data.
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