Still, despite better than expected growth in the first quarter, funds dedicated to China and Korea lost investors over the past week.
European equity funds took in the largest net inflows in 71 weeks after the French election pointed toward a more pro-business outcome.
Renewed interest in the U.S. reflation story did not move the needle for TIPs funds; it did rekindle investor interest in Bank Loan Funds, which extended an inflow streak begun in November.
One of the keys to their success with alternatives lies in differentiating between perceived and actual risks.