Salient to Investors:
EPFR Global data showed global equity funds attracted the largest inflows since at least 2005 last week.
Wellian Wiranto at Barclays expects further inflows given that appetite has stabilized quite significantly and tapering was postponed, while it is s hard to see tapering in October. Wiranto said one or two data points is not confirmation of a recovery for the Fed.
The MSCI All-Country World Index is up 15 percent in 2013 and trades at 14 times estimates, the highest level on a weekly basis since April 2010.
The MSCI Emerging Markets Index is down 3.3 percent in 2013 and trades at 11 times estimates, the highest level since March.
Read the full article at http://www.bloomberg.com/news/2013-09-20/global-equity-funds-record-biggest-inflows-since-at-least-2005.html
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