Friday 5 July 2013

EM bond funds: flood becomes a trickle | beyondbrics

"After the worst-ever weekly outflow for emerging market bond funds, with $5.6bn draining away, fund managers have rightly been worried about what the latest figures would show.

As it happens, investors have regained some of their nerve: in the week to July 3, EM bond funds suffered a much smaller $960m of outflows, according to bankers citing data from EPFR, the research company.

As Barclays put it, “this is a clear improvement from the previous week and suggests that the negative performance of June (marking a poor quarter end performance) has not triggered accelerated selling.”"

'via Blog this'

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