Emerging Stock Funds Post Quarterly Outflows on Europe
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Emerging-market equity funds posted $8.7 billion of outflows in the second quarter as the European debt crisis pushed Spain’s borrowing costs to a record and concerns grew that the economic slowdown in China is deepening.
Flows out of developing-nation stock funds reached $262 million in the week ended June 27, narrowing inflows this year to $14 billion, analysts led by Markus Rosgen wrote in a report today, citing data compiled by EPFR Global.