Emerging-market stock funds had their best start to a year since 2006 in terms of inflows as investors started to discount a Chinese slowdown and the U.S. recovery gained traction, according to EPFR Global.
Flows into developing-nation equity funds totaled $3.5 billion in the week ended Feb. 1, a 43-week high, bringing the total for 2012 to $11.3 billion, according to a report e-mailed today by the Boston-based research company.
Global emerging-market equity funds provided $2.6 billion of the new commitments. The average emerging market portfolio recorded an 11 percent gain, EPFR Global said.
Inflows into emerging-market bond funds reached a 26-week high of $1.55 billion, EPFR said.
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