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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.