- Worldwide stock funds see $2bn in outflows for the week to Wednesday from $13bn inflows the prior week
- Emerging market stock funds worldwide see $1.7bn outflow for the 6th straight week
- Global Japanese stock funds gain $600m of inflows hitting a record $43bn in the year to date
- Bond funds see their first outflow in 3 weeks of $400m but high yield bind funds gain $1.3bn for gains in 12/13 weeks
- Investment grade bond funds show falls of $1.3bn, the largest outflow in 5 weeks
- Money market funds are up $31bn and the largest in 6 weeks
Emerging markets could well be seeing flows out as the taper talk picks up. We saw quite violent moves the last time and although the market is better positioned this time we could see that increase once again. Some of the banks have made EM’s one of their plays to buy into for 2014 and Asian stock markets are still hovering around their all time highs.
