Emerging market equity funds attracted $45 billion in inflows for the year ending 23 September, according to global research firm EPFR Global.
During the third week of September, Asia ex-Japan equity funds posted their biggest weekly inflow since early June 2009, while global emerging market equity funds continued to attract inflows.
Latin America equity funds also recorded inflows.
Overall, flows into all emerging market equity funds hit a seven-week high of $3.38 billion in the week ending 23 September.
"The flows into Asia ex-Japan equity funds were driven by interest in two of the major regional markets, India and China," the EPFR Global report said.
"Flows into India equity funds hit their highest level in nearly three years as the country's benchmark equities index made a run at the 20,000-point level, while China equity funds enjoyed their best week in four weeks."
The report said investors were now looking beyond Brazil and Mexico when investing in Latin American funds.
"Flows into Chile, Colombia and Peru equity funds were higher than normal. The weekly average for these fund groups is running between double and 24 times their 2009 pace," it said.
