Return of assets

Check out this graph on regional fund flows from EFG-Hermes (from a recent MENA strategy note). Seems that money is on the verge of coming back to the region, following an eight-month furlough...or so we hope. Fund flows in regional markets are still negative, but there is at least one encouraging sign for investors and asset managers alike, EFG says: individual stocks seem to be moving more in line with fundamental indicators, rather than getting bid up or falling in unison. As they say, in times of crisis, correlations go to one.