Economic, monetary and foreign policy hurdles led to outflows from the U.S., Canada, the U.K. funds over the past week. Global emerging markets posted 27th week of consecutive inflows.
In the week just passed the bond market had a modest correction that, unlike it's bearish predecessor, strikes me as being as much about data and the Fed as oversold technicals and sentiment.
The 24-week run of consecutive inflows to emerging market equity funds is the longest streak since 2013
Inflows to diversified global equity funds absorbed redemptions from U.S. and Japanese equity funds for the week ended July 12.
The wave of buy-back announcements from U.S. banks led to the biggest influx of fresh money to financials among all sector funds for the week ending July 12.
