Saturday, February 19, 2011

GEM Outflows Increases

In the week ended 16 Feb 2011, Developed market equity funds posted their biggest inflow in over 30 months.

 

Investors pulled money out of EPFR tracked EM equity funds for the fourth straight week, their longest outflow streak since October 2008.

 

USD mn

GEM equity

Developed Equity

GEM Fixed income

2-Feb-11

(7,000)

6,600

n/a

9-Feb-11

(3,000)

4,600

(477)

16-Feb-11

(5,500)

12,130

(741)

 

Source: EPFR

 

The Asia ex Japan equity sector was hit particularly hard, recording its second largest weekly outflow in three years.

Russia was the only emerging market sector to buck the trend, recording its twelfth consecutive week of inflows.

 

Regards,

Irfan

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