Tuesday, 10 February 2009

More Declines in Emerging Market Debt Funds Were Recorded Last Week, Says EFPR

In the week ended Feb. 4, emerging market debt funds recorded outflows of $259 million, or about 0.6 percent of assets under management, according to EFPR. In the previous week, outflows were $251 million. Market price fluctuations led to over $400 million in declines in the value of assets across the board., while currency fluctuations sparked a further $257 million in value losses. This year, debt funds have shed almost $1 billion in value.

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