There was not a single day with more net outflows than inflows during the first nine weeks; the first $1 billion was drawn in within a month. But as the Middle East conflict erupted and swiftly escalated in March, the pattern drastically shifted in January and February. In fact, March was the first month the funds were in the red, with over $31 million leaving the financial vehicles. Similar to March’s performance, April started poorly as well, with several days of no activity that could be reported and a few small outflows. On April 10, investors began to show signs of reactivation, contributing more than $9 million ... (full story)