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Fund flows: heading for the exits
Emerging markets fund managers have seen a big outflow of cash as investors have rushed to take their money out of both bonds and equities in response to the uncertainty in the US about the possible...
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EM fund flows: a painful correction
Blimey. Looks like investors’ exit from emerging markets assets is turning into something of a stampede. In the week to June 5, investors pulled nearly $7bn out of EM bond and equity funds, as concerns...
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Deutsche: markets rough, economies mostly stable
Don’t panic, says Deutsche Bank, about the emerging markets sell-off. Once the dust has settled, investors will see that most emerging markets are in better shape for a post-QE world than most...
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EM sell-off: taking a break, for now
Investors seem to be taking a breather in the emerging markets sell-off. On Friday, Asian currencies were mostly stable against the dollar and equities were only marginally down, with the MSCI...
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EM capital flows: after the party
The US Federal Reserve signalled the coming end of QE only a month ago, but forecasters are already producing long-term forecasts of the possible impact on emerging markets of the expected cut in easy...
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EM bond funds: worst week ever
What’s that whooshing sound? Something like five-and-a-half billion dollars draining out of emerging market bond funds, that’s what. According to data from EPFR Global, the fund flow data provider, EM...
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EM bond funds: flood becomes a trickle
After the worst-ever weekly outflow for emerging market bond funds, with $5.6bn draining away, fund managers have rightly been worried about what the latest figures would show. As it happens, investors...
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EM fund flows: the exodus continues
The exodus from emerging markets continued apace with bond and equity funds tracked by EPFR suffering net outflows of $4.4bn in the week to Wednesday. While the outflows were less than the $5.8bn...
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Fund flows: EM bonds back at last
It’s taken 17 weeks, but emerging market bond funds are back in positive territory at last. Data provider EPFR, which monitors fund flows, shows that for the week ending 25 September, EM bond funds had...
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Fund flows: hold your horses
Last week’s foray into positive territory didn’t last long. EM dedicated bond funds saw net outflows in the week to Wednesday according to EPFR, the Boston-based fund monitor, making 18 weeks of...
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Foreign cash swings Mexico’s markets
As soon as Ben Bernanke mentioned in late may that the Federal Reserve could soon begin to scale back its bond-buying programmed, hell broke loose in emerging markets. Stock prices declined, currencies...
View ArticleEM equity fund outflows already outpace 2013
Now that’s what you call a change in sentiment. Outflows from emerging market equity funds so far this year have already eclipsed net sales from all of 2013. Outflows from EM equity funds in the week...
View ArticleEM fund flows: they’re back!
Is this a turning of the tide? After 22 straight weeks of outflows, dedicated EM equity funds recorded inflows of $2.44bn in the week to April 2, equal to 0.3 per cent of assets under management in the...
View ArticleThe EM rally – is it over already?
It may be early to call the end of the EM rally of the past couple of months but the latest EM portfolio flows tracker from the Institute of International Finances adds to a feeling that it is losing...
View ArticleEM debt portfolio flows grind to a halt
A report to be released by the Institute of International Finance on Wednesday will make sobering reading for EM investors: estimated portfolio flows to EM assets fell sharply in August to just $9bn,...
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Fund Watch: EM healthcare is sole focus for Sectoral fund
Unhealthy lifestyles are spreading through emerging market (EM) economies as people adopt fast-food diets, work in stressful and sedentary jobs and contend with worsening pollution. These are unwelcome...
View ArticleEM flows: IIF sees uptick in debt in September, slight fall in equities
Portfolio flows to emerging markets made up some of last month’s losses in September, according to estimates by the Institute of International Finance. Its Portfolio Flows Tracker for September,...
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EM investors: love Modi, hate Dilma
Enthusiasm over Narendra Modi’s election in India and fears that Dilma Rousseff may be re-elected in Brazil have prompted a sharp reversal in the two countries’ positions among equity fund managers....
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How to play Putin: fund managers disagree
A fascinating note has arrived in our inbox from Steven Holden of Copley Fund Research, which tracks the investments of 100 big global EM equity funds with about $285bn of assets under management....
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EM portfolio flows: bull market back again?
Portfolio flows to emerging markets rebounded in November after several months of weakness, according to the latest EM Portfolio Flows Tracker from the Institute of International Finance. Flows for the...
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