|
|
From Precy Dumlao, Opalesque Asia:
Emerging markets have regained their status as a favorite asset class amongst investors after "falling out from favour" in September, according to data provider EPFR Global in its latest report, "High Yield Bond Funds see record setting inflows ahead of Eurozone debt summit." However, the report added that emerging markets equity continue to balk when faced with specific regions and market.
According to the report, the emerging market equity funds snapped from an outflow streak that began in July last week after encouraging strong inflows into the diversified GEM equity funds. Year-to-date, the aggregate emerging market equity funds sustained at least $41.2bn in outflows and gave back nearly half of the $84bn inflows recorded last year.
The report said, "EMEA Equity Funds extended their current outflow streak to 24 consecutive weeks as investors continue to worry that the Eurozone debt crisis will translate into weaker export demand, a decline in direct and remittance transfers and tighter credit for the CE3 countries, Russia, parts of Africa, Turkey and the Baltic Republics. Russia, Africa Regional and Emerging Europe Regional Equity Funds have now posted outflows for the 15, 19 and 24 consecutive weeks respectively."
Indeed emerging markets suffered losses in September. The Barclay Hedge Fund Index showed that emerging markets-focused hedge funds ...................... To view our full article Click here
|
|
RSS
