Bloomberg News

Emerging Stock Funds Post Outflow on Growth Concerns, EPFR Says

June 01, 2012

Emerging-market stock funds posted redemptions of $1.14 billion for the week ended May 30 on concerns about Chinese and European growth, according to EPFR Global.

Developing-nation equity funds registered outflows of over $1 billion for the fourth consecutive week, the longest streak since the third quarter of 2011.

Total net investment into emerging market funds has totaled $18.1 billion in 2012, compared with outflows of $13.6 billion for the same period of 2011, according to a report e-mailed today by the Cambridge, Massachusetts-based data provider.

So-called Global Emerging-Market funds, or GEM funds, recorded net outflows for the week of $136.4 million, the data show. Asian funds excluding Japan recorded a net outflow of $606.9 million, Brad Durham, EPFR managing director, said by e- mail today.

Russia-dedicated equity funds posted redemptions for the seventh week in eight, registering a net outflow of $8.2 million. Latin American funds posted outflows of $221.2 million as Brazil-dedicated funds recorded redemptions for the ninth week in 11.

The average emerging-market equity portfolio posted a 0.76 percent gain for the week, boosting the 2012 advance to 1.22 percent, Durham said.

Emerging-market bond funds registered outflows for the week of $464.6 million, Durham said.

To contact the reporter on this story: Leon Lazaroff in New York llazaroff@bloomberg.net

To contact the editor responsible for this story: Tal Barak Harif at Tbarak@bloomberg.net


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