Equity Funds Post Second-Biggest Week of Flows on Record
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Investor deposits with global equity mutual funds in the first week of January were higher than any other period except one, a sign they may be coming back to stocks after withdrawing cash for the past six years.
About $22 billion flowed into equity funds around the world in the week ended Jan. 9, according to data compiled by research firm EPFR Global going back to 1996. Emerging-market equity funds took in the most money on record. The MSCI All-Country World Index jumped 3.1 percent in the first week of 2013 and the Standard & Poor’s 500 Index reached a five-year high yesterday on signs the global economy is gaining momentum.