Mutual Funds Clocked Overall Inflows In February Led By EM

Thanks largely to substantial inflows in money market funds, mutual funds witnessed overall inflows in February for the first time since November, reports a UBS strategist. Ramin Nakisa points out in a April 6 research note titled “Global Positioning Summary: How are investors positioned and where is money flowing?” that aided by a more dovish Fed and stabilization in oil prices, ETF investors were riskier over the last month. Mutual funds witnessed inflows in February, U.S. equity ETFs witnessed inflows Nakisa terms the risk rally since mid-February “half-hearted” as the rally shows a lack of conviction when one drills into ETF flows. While…