27.10.2008 - Emerging market funds face heat
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