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Japan Equity Funds post record outflows as their US counterparts pull in another USD12 billion

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EPFR Global-tracked US Equity Funds took in over USD10 billion for the third straight week heading into mid-November as investors kept their sights fixed firmly on the world’s biggest economy. 

This fixation on the US has come at the expense of fund groups dedicated to the other developed markets heavyweights, the European Union and Japan, with Europe Equity Funds seeing another USD2.1 billion flow out and Japan Equity Funds experiencing their biggest weekly outflow on record. Since the beginning of September investors have committed over USD43 billion to US Equity Funds while redeemed a combined USD28 billion from Europe and Japan Equity Funds.
 
Overall, EPFR Global-tracked Equity Funds took in a net USD6.9 billion during the week ending November 12, with Dividend Equity Funds extending an inflow streak stretching back to late June, while Bond Funds absorbed another USD7.45 billion and Money Market Funds USD6.54 billion.
 
There were some signs that the strength of the dollar is prompting US investors to take advantage of its purchasing power relative to foreign assets: dollar-denominated flows were positive for Emerging Markets, Europe and Japan Equity Funds and for Europe and Emerging Markets Bond Funds.
 
At the country level India’s story continues to get a warm reception from investors, China Equity Funds snapped their latest outflow streak and Russia Equity Funds chalked up another week of inflows. Europe Country Fund groups remained under pressure as investors weighed the impact of a weaker yen on Eurozone exporters.

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