Bond investment funds are eyeing emerging markets as they move away from the risk of the markets in the developing world.
Such funds include those managed by BlackRock Inc, Legg Mason Inc, and Oppenheimer Funds.
The shift to emerging markets show how low US interest rates and negative rates in Japan and Europe are driving funds to greener pastures.
Allocations in emerging markets as of August are at 10.6 per cent, up from 9.8 per cent in February.
While less than 1 per cent is a modest gain, the funds manage oversee $1 trillion, which turns the single digit to tens of billions.
Read more at the Wall Street Journal.