Monday, 26 January 2009

Emerging Market Debt Funds Experience $355 Million in Outflows. Recovery Trend Seen in Early January Seems Over.

According to EFPR, in the week ended Jan. 21, emerging market debt funds saw outflows of $355 million, or the equivalent to 0.82 percent of assets under management, compared with an outflow of $181 million in the previous week. Assets under management for emerging market debt funds declined by $882 million during the week, a significant amount. Fluctuations in the price of the U.S. dollar hampered the value of assets, resulting in a reduction of $229 million in assets value during the week. A drop in asset prices cut the value of assets under management by a further $299 million.

No comments:

Post a Comment