Last week we reported record inflows into emerging market bond funds – so a slowdown was always going to be likely.
But while fixed income inflows did indeed decline in the week to Wednesday, they still look solid, at $637m in the sample universe monitored by EPFR, the Boston-based fund tracker. And with investors increasingly hopeful of a decisive resolution to the eurozone crisis, Royal Bank of Scotland reckons the good news will keep on coming.
Demetrios Efstathiou, analyst at RBS, wrote:
But while fixed income inflows did indeed decline in the week to Wednesday, they still look solid, at $637m in the sample universe monitored by EPFR, the Boston-based fund tracker. And with investors increasingly hopeful of a decisive resolution to the eurozone crisis, Royal Bank of Scotland reckons the good news will keep on coming.
Demetrios Efstathiou, analyst at RBS, wrote:
We stick with the theme of the past few weeks. We expect the positive momentum in flows to continue. With data not surprising on the downside and barring a Greek default, the euphoria started by LTRO should remain on course.
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