Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Publish Date : 31-Dec-2012

Investors pumped money into funds that hold emerging market and European stocks in the last reporting week of the year as US lawmakers failed to reach a deal on the looming \"fiscal cliff,\" data from EPFR Global showed on Friday.

Emerging market stock funds pulled in US$2.16 billion over the reporting period and European stock funds attracted US$913 million in the week ended December 26, the fund-tracking firm said, accounting for most of the US$3.6 billion into equity funds worldwide.

Investors have strongly favored bond funds over stock funds this year on expectations that the debt securities offer more stable returns in the face of global concerns such as the European debt crisis, the slowdown in China, and the pending tax hikes and spending cuts that threaten to tip the US into recession early next year.

In the last week, however, emerging market and European debt were the winners, as cash flowed into the countries\' stock funds as well as US$424 million into emerging market bond funds and US$343 million into European bond funds. Bond funds altogether pulled in US$419 million in new cash over the period, reversing outflows of US$4.1 billion the prior week.

Go to previous page