Flows into equity funds reversed last week as fears grow over the sustainability of market rallies, according to EPFR Global.
Investors pulled $4.95 billion (£3.03 billion) from equity funds in the week ending September 2, with $713m withdrawn from global emerging markets funds, and $185m taken out of Latin American funds.
Meanwhile, emerging Europe funds saw their seventh straight week of inflows as sentiment continues to improve on the region, although the scale of investment remains modest.
In stark contrast to equities, bond funds had a buoyant week, with investors committing $5.06 billion to the asset class. American bonds benefited most, taking $3.1 billion over the week.