It was a bumper week for EM equity funds, which attracted inflows of $5.7bn in the week to Wednesday, according to the latest data from EPFR Global, the Boston-based fund-tracker (see chart after the break).
That’s more than double the inflow of $2.6bn in the previous week and a reversal of the $2.7bn and $2.2bn that flowed out from EM equity funds looking backwards over the previous two weeks.
Brad Durham of EPFR said conversations with fund managers had revealed a clear change in investor sentiment over the past ten days or so.
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