Friday 24 April 2009

“Extraordinary” flows into emerging market funds

Funds dedicated to emerging markets posted $2.2bn in inflows during the week ending April 22, the strongest streak for the asset class since May 2008, Merrill Lynch’s Michael Hartnett said in a note released on Friday.

This week marks the seventh consecutive week of inflows for EM funds, which analysts at Deutsche Bank called “extraordinary”, noting:

between June 2008 and March 2009 there have not been more than two weeks of inflows in a row. This cumulated inflows in the last seven weeks for all EM equity funds amounts to nearly US$4.0bn.

No comments:

Post a Comment