Bloomberg News

Emerging Equity Funds Post $101 Million of Outflows, EPFR Says

July 27, 2012

Emerging-market stock funds posted net outflows of $101 million for the week ended July 25, according to EPFR Global.

Net investment into developing-nation equity funds has totaled $13.45 billion in 2012, compared with outflows of $11.63 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 $119 million, Cameron Brandt, EPFR director of research, said by e-mail today.

Inflows to China equity funds totaled $93 million, while Russia-dedicated funds recorded an outflow of $21 million, the data show. Latin America-dedicated funds received $30 million in inflows.

The average emerging-market equity portfolio posted a 2.14 percent loss for the week, cutting the 2012 advance to 2.5 percent, Brandt said. Emerging-market bond funds registered inflows of $392 million, according to EPFR data.

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


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus