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Reflation - the Yin to Inflation's Yang…

Mutual fund investors have been building diversified exposure to the global reflation story since mid-3Q20. Flows into Global Equity Funds took off in August with those to Global Emerging Markets (GEM) Equity Funds following in mid-4Q20. Investors have been less decisive when it comes to taking on individual country exposure, with flows to single country funds favoring those dedicated to the world’s three largest economies (US, China, and Japan).


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