Positive flows into emerging-market funds continues, buoyed by India and Russia.

Although Europe equity funds recorded modest gains, fears that fresh turmoil in the Eurozone is one election or debt negotiation away stopped investors from chasing recent market gains.

U.S. and emerging-market fixed-income funds continued to pull in new money over the past week, in spite of fears U.S. Fed will raise rates sooner than expected. Informa Macro Strategist David Ader predicts a March rate hike is off the table.

Over 85% of fresh money pouring into Commodities Funds this past week went to gold, suggesting the market expects the Fed to remain behind the curve when it comes to inflation, says EPFR research director Cameron Brandt.

The bond market is having some difficulty latching on to the reflation trade in a meaningful way.

Investors continue to pour money into emerging market equity funds: Flows climb to 25-week high