The second week of February was another bumpy one for financial markets as Russian sabers rattled along the Ukrainian border, the price of a barrel of West Texas Intermediate crude oil hit $95 a barrel for the first time since 3Q14 and some US Federal Reserve policymakers talked of a 50 basis point hike in March. Fund flows reflected the uncertainty, with flows into all EPFR-tracked Equity Funds falling to less than a twentieth of the previous week’s total and redemptions from Bond Funds climbing again to a 49-week high.
