Vietnam-focused stock funds became the only emerging market equity assets in Asia to lure investors every week this year as the nation’s benchmark index rose to an 11-month high, Emerging Portfolio Fund Research said.
Emerging-market stock funds took in $42 million in the week ended April 4, as net inflows into diversified developing country funds offset outflows from Brazil and Asia excluding Japan, according to EPFR Global.
Emerging-market stock funds posted their biggest weekly redemption in five months as Greece’s political stalemate and concern China’s economy may slow more than forecast weighed on investors, according to EPFR Global.
EPFR Global, which tracks money flows, said data showed investors poured $850 million into gold funds, the most since October, before the Federal Reserve surprised markets by maintaining the pace of U.S. stimulus.
Investors pulled the most money from global stock funds since 2008 in the past week as the Standard & Poor’s downgrade of Treasuries and the deepening European debt crisis prompted a flight into cash and gold.
Investors are boosting wagers on higher commodity prices at the fastest pace in almost four years, rebounding from the least bullish position since 2009, on signs that the U.S. is accelerating and Europe’s debt crisis is easing.