Emerging-Market Equity Funds Post Outflows, EPFR Global Says

Emerging-market stock funds posted a net outflow of $262 million for the week ended June 27, according to EPFR Global.

Net investment into developing-nation equity funds has totaled $14.32 billion in 2012, compared with outflows of $13.09 billion for the same period of 2011, according to a report e- mailed by the Cambridge, Massachusetts-based data provider.

So-called Global Emerging-Market funds, or GEM funds, recorded a net inflow for the week of $3 million, the data show. Asian funds excluding Japan recorded a net outflow of $570 million, Cameron Brandt, EPFR director of research, said by e- mail.

Russia equity funds posted their 10th consecutive week of net outflows as $40 million was pulled from the region’s stocks. Latin America-dedicated funds recorded an outflow of $112 million.

The average emerging-market equity portfolio posted a 2.76 percent loss for the week, cutting the 2012 advance to 2.13 percent, Brandt said.

Emerging-market bond funds registered inflows of $671 million, EPFR said.

To contact the reporter on this story: Leon Lazaroff in New York at llazaroff@bloomberg.net

To contact the editor responsible for this story: Tal Barak Harif at tbarak@bloomberg.net