Equity fund inflows hit one-year high

EPFR Global data shows funds had combined inflows of $9.52 billion last week, the highest weekly tally since mid-June 2008. Better-than-expected earnings and macroeconomic data have led to an increase in demand for a broad range of asset classes, with 21 of the 24 major equity, fixed income and sector fund groups tracked by EPFR Global posting inflows for the week ending July 29. Overall, funds had combined net inflows of $9.52 billion -- the highest weekly tally since mid-June 2008…