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Flows to Equity Funds hit a year-to-date high in early 2Q20
Encouraged by signs the initial peak of the COVID-19 pandemic may be in sight for Italy and Spain, further relaxation of Chinese containment measures and the sweeping response by US lawmakers and the US Federal Reserve to the economic challenges posed by the virus, investors returned to equity markets in early April. The benchmark S&P index climbed over 20% off its March 23 low and EPFR-tracked Equity Funds – with US Equity Funds to the fore -- posted their biggest collective inflow since last September.