Investors are taking refuge in low-risk asset classes, the latest fund flow figures of Bank of America Merrill Lynch (BofA) suggest.
Appetite for emerging markets equities is approaching the lows recorded in mid-2011.
Italian fund selectors are again starting to take stealthy looks at emerging market corporate bonds
More Danish fund selectors are looking to buy developed market credit than selling for the first time since mid-2012, according to EIE research.
Sentiment towards emerging markets has yet to find its floor, according to European fund selectors surveyed by Expert Investor Europe, with indicators still falling.
Investors’ appetite for emerging market corporate bonds has been insatiable in recent years. But is it time to take a more restrained approach to the asset class before indigestion sets in? By Will Jackson