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Commodities Briefing - Categorized | Fund Profile, Market Moves more

Emerging market funds face heat

Posted on 27 October 2008

From Economic Times: Emerging market equity funds lost about a tenth of their value for the week ended October 22 as fears of a global recession loomed. Most m
ajor fund groups tuned to developed markets, meanwhile, were down 4-5%.

However, for the second week running, outflows were generally modest — with the exception of some fixed-income fund groups. Net redemptions from equity fund groups were just over $2 billion, according to the weekly report by Emerging markets Portfolio Funds Research (EPFR)…… Full Article: Source


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