Portfolio investors’ 2012 advance into emerging markets goes on. Data from EPFR, the funds research company, provided to banks indicate that in the seven days to Wednesday, EM bond funds recorded an overall inflow for the 21st week in succession. EM equities posted an inflow for the eighth week in a row.
With the developed world’s central banks pouring easy money into the market, the global financial tide shows little sign of turning.
In the past week, EM bond funds saw $1.1bn of inflows (0.61 per cent of assets under management), according to Barclays Bank, citing EPFR. EM dedicated equity funds saw $922.8m of inflows (0.13 per cent of AUM).
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