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Emerging Equity Funds Post Record Inflows on Growth Outlook

Emerging-market equity funds recorded their biggest-ever weekly inflows as the U.S. budget deal and China’s economic rebound fueled investor demand for riskier assets.

The funds attracted a net $7.4 billion in the week ended Jan. 9 and assets under management reached an all-time high of $781 billion, Jonathan Garner, the chief Asia and emerging market strategist at Morgan Stanley in Hong Kong, wrote in an e-mailed note today. Developing-nation debt funds lured their second-largest inflows of $2 billion, Garner said, citing data compiled by research firm EPFR Global.