Bloomberg News

Emerging Equity Funds Post Inflows on Bank Rate Cuts, EPFR Says

July 06, 2012

Emerging-market stock funds took in $14 million in the week ended July 4 on the prospect of interest-rate cuts in China and Europe, according to EPFR Global.

Net investment into developing-nation equity funds has totaled $14.34 billion in 2012, compared with outflows of $11.65 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 inflows for the week of $148 million, the data show. Asia funds excluding Japan recorded a net outflow of $112 million, as China equity funds posted their 10th consecutive week of outflows with a loss of $37 million, Cameron Brandt, EPFR director of research, said by e-mail today.

Russia equity funds registered net outflows of $41 million while Latin America dedicated funds posted a loss of $40 million.

The average emerging-market equity portfolio posted a 4.42 percent gain for the week, boosting the 2012 advance to 6.65 percent, Brandt said.

Emerging-market bond funds registered inflows of $874 million for the week, pushing the total for the year to $23.96 billion, Brandt 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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