“It’s going to be a little rough in here for the mutual fund industry, but this is like a kidney stone. It’s going to be painful for a year, year and a half, but it will pass, and the next thing you know we’ll be off to the races.”
New money flowing into European equity funds hit a 67-week high, while emerging market bond funds took in fresh money for the 11th straight week.
Emerging markets equity funds took in fresh money last week, despite tensions from Syria’s civil war and North Korean saber-rattling.
Funds focused on global and European equities absorbed the bulk of new money as investor skepticism over Trump-led U.S. renaissance continues.
