Emerging Asia bonds were a key beneficiary following the decision last month by U.K. voters to withdraw from the European Union, data from EPFR Global show.
Flows into emerging market debt funds set a new weekly record for the week ended July 6, with an even divide between funds with local currency and U.S. dollar mandates, according to the financial data provider. Investors opted for diversification in credit quality and duration but “maintained their preference for emerging Asia’’ when it came to regional exposure, EPFR said in a release dated July 7.
