Emerging Equity Funds Post Second Week of Inflows, EPFR Says

Emerging-market stock funds took in $697 million in the week ended July 11, a second consecutive week of inflows, while developing-nation bond funds reached a 17-week high, according to EPFR Global.

Net investment into developing-nation equity funds has totaled $15.04 billion in 2012, compared with outflows of $10.77 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 net inflows for the week of $430 million, the data show. Asian funds excluding Japan recorded a net gain of $153 million, Cameron Brandt, EPFR director of research, said by e- mail. China equity funds had a net outflow of $12 million.

Russia equity funds posted a net inflow of $51 million, while Latin American-dedicated funds recorded a net loss of $2 million.

The average emerging-market equity portfolio posted a 1.78 percent loss for the week, paring the 2012 advance to 4.66 percent, Brandt said.

Emerging-market bond funds registered inflows of $1.14 billion, the largest weekly total since the second week in March, Brandt said.

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

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

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