International Economic and Market Overview November 2013
In an ongoing trend, equity markets continued to climb while fixed income (excluding corporate credit) continued to fall. Retail investors are finally taking notice: stock funds reaped $172 billion in the first 10 months of 2013, the largest amount since they received $272 billion in all of 2000 according to Morningstar. While most of that money has paradoxically gone into international funds, domestic US equity inflows are the highest since 2004. It has also been a record year for withdrawals from taxable bond funds, with the largest broad market strategies being hit the hardest. 11_2013_CFAL_International_Economic_and_Market_Overview_Page_1 Click here for full International Market Overview

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