Bloomberg News

Emerging Equity Funds Record Third Week of Outflows, EPFR Says

April 27, 2012

Emerging-market stock funds posted their third consecutive week of outflows as investors withdrew a net $377.6 million in the week ended April 25 on concern the European debt crisis may worsen, according to EPFR Global.

Net investment into developing-nation equity funds has totaled $23.7 billion in 2012, compared with outflows of $12.5 billion for the same period of 2011, Cameron Brandt, director of research at the Cambridge, Massachusetts-based data provider, said by e-mail today.

So-called Global Emerging-Market funds, or GEM funds, recorded net outflow for the week of $273 million, the data show. Asian funds excluding Japan recorded a net inflow of $87 million, benefiting from expectations that Chinese authorities will ease monetary policy in the middle of the second quarter of 2012, Brandt said.

Russian equity funds recorded net redemptions of $32 million while Brazil-dedicated funds posted an inflow of $1.5 million.

The average emerging-market equity portfolio had a 0.9 percent loss for the week, cutting the 2012 advance to 11.2 percent, Brandt said.

Emerging-market bond funds registered inflows of $540 million, the data showed.

To contact the reporter on this story: Leon Lazaroff in New York

To contact the editor responsible for this story: Emma O’Brien at

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