Investors are recoiling from riskier assets amid a mix of deteriorating credit fundamentals for retailers and energy companies and higher interest rates from the Federal Reserve, which will make it harder to refinance debt.

Volatility is coming back to the bond market.

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.