Friday, 20 March 2009

EMTA Says Emerging Market Bond Funds Had Outflows of $117 Million in Week Ended March 18

For the week ended March 18, emerging markets debt funds saw net investor outflows of $117 million, equivalent to 0.30 percent of assets under management (AUM) -- less than the $308 million net redemptions seen in the prior week, according to EMTA. Outflows were seen across all fund types. In total, market effects (namely an appreciation of emerging market currencies against the dollar) played a positive role by offsetting the outflows: the positive contribution of $195 million related to foreign exchange-related effects helped debt fund assets to grow by $719 million from the previous week, despite the negative investor outflow, according to ING Bank NV.

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