(Bloomberg) -- Investors who beat a path out of global equity markets earlier this year are stampeding back in.
More than $41 billion has returned to U.S. exchange-traded funds that own shares in the past four weeks, reversing withdrawals that swelled to as much as $40.2 billion last month, according to data compiled by Bloomberg. Cash has flowed back as the MSCI All-Country World Index rallied 5.8 percent from the four-month low it reached Feb. 4, when turmoil in emerging markets spurred speculation the global recovery would slow.
Investors are shifting to Europe while withdrawing from emerging markets as optimism mounts that growth in advanced economies is strengthening while developed economies are poised to falter.
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