Money-market funds up, emerging-market portfolios down

08/18/2008 |

An analysis by EPFR Global shows that money-market funds posted solid returns with a net inflow of $5.9 billion last week. Emerging-market portfolios suffered more redemptions. "With the tail end of the second-quarter earnings season fuelling fresh fears about the outlook for global economic growth and banking-sector balance sheets, investors were in a defensive frame of mind," EPFR said in a report.

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