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 editor responsible for this story: Tal Barak Harif at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.