Investor Love Affair With Emerging Bonds Is Losing Momentum

Longest run of inflows in four years in jeopardy as appetite declines

A 24-week pouring of new money into emerging market bond funds, driven by investors fleeing near-zero yields on developed country debt, is losing steam. Net inflows to the asset class fell more than two thirds to $200 million last week, according to research from Bank of America Merrill Lynch citing EPFR Global data. That’s a third consecutive weekly decline and raises the prospect of an imminent end to the longest winning run of flows in four years.

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