EM fund flows: they’re back! | beyondbrics:
"Is this a turning of the tide? After 22 straight weeks of outflows, dedicated EM equity funds recorded inflows of $2.44bn in the week to April 2, equal to 0.3 per cent of assets under management in the sample followed by EPFR, the Boston-based fund flow watcher.
EM bond funds, too, had inflows in the week, of $1.06bn, or 0.5 per cent of AUM, only the second week of inflows out of the past 17.
So does the past week mark a change in sentiment for EM? Not so fast.
The first thing to remembers is that, as EPFR notes, even with the modest reversal at the end of March EM equity funds notched up outflows of $41bn in the first quarter of 2014 – a quarterly record that followed outflows of nearly $27bn for the whole of 2013."
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