Positive flows into utilities funds last week are the first positive sign in three months for the sector, while gold funds took in over $1 billion in new money.

Commitments to global and Japanese equity funds failed to offset $9 billion redeemed from U.S. and Europe.

U.S. bond fund flows rebounded last week, helped by renewed doubts that the new administration will succeed in implementing its reflationary policies.

The hope and hype that came in the first few weeks after the election didn’t seem to meet the ready cynicism about campaign promises not translating to active policy.

The much anticipated rate hike last week was based on somewhat subpar economic data, suggesting confidence is getting ahead of growth.

The second week of March also saw redemptions from emerging markets equity hit a year-to-date high.

Korean equity funds had their biggest outflow since early December following the confirmation of former president’s impeachment.

Flows into developed market equity funds hit a four-week high from institutional investors, even as retail redemptions increased.

In wake of last week’s rate hike, investors pulled back from consumer goods funds, sensing inflation isn’t translating into real wage gains.