Cameron Brandt

With the election of the pro-business Emmanuel Macron, more investors chose Europe over the U.S.

Funds took in fresh money for the eighth straight week.

The election of France’s new centrist President and Merkel’s poll numbers spark record inflows.

Global, emerging-markets, Europe (ex-U.K.) and U.S. bond funds all took in new money during the first week of May.

Energy, technology and consumer goods the only sectors to see inflows during the first week of May; investors continue to purge commodities, health care and real estate.

North Korea is making investors cautious while India’s growth attracts new money.

A generally positive earnings season couldn’t overcome other factors as investors pulled money from developed market equity funds last week.

For the time being, European politics is taking a back seat to monetary policy.