Chinese stocks saw their biggest inflows in 14 weeks last week, when emerging market equity funds saw their first inflows in five weeks, the latest data show.
European bonds and equities saw coordinated outflows for the first time since the 2013 “taper tantrum”, the latest data on capital flows show.
Global equities saw outflows again last week, as the bull market in equities seems to be losing steam.
The Nasdaq and the S&P 500 hit new record highs last week, but there has been a big decoupling between the prices of US stocks and capital flows.
As capital flows go, the week that ended on April 8 brought a paradox: the world’s best performing market over the past 12 months saw money flowing out, rather than in.
The bulls were out in force even before the dovish Federal Reserve announcement last week, according to capital flows data.