'Emerging market funds get 2nd-largest inflows in '10'
Sunday, 20 June 2010
SYDNEY, June 19 (Bloomberg): Emerging market equity funds received the second-largest net inflows this year, in the week to June 16 as investor appetite for risk revived, after concerns about the impact of Europe's debt crisis eased, EPFR Global said.
Emerging equities funds got $2.5 billion, while emerging bond funds received $659 million, the fund tracker said.
"Sentiment towards emerging markets continued to thaw in mid-June as investors started paying more attention to solid macro-economic numbers from the US," EPFR said. Investors also focused on "encouraging industrial production data from the eurozone," it said.
The MSCI emerging markets Index, which tracks developing nation equity markets, gained 11 per cent since this year's low on May 25, as concerns eased over global economic recovery.
US industrial output increased last month and Spain managed to sell 3.5 billion euros of bonds.
Emerging equities funds got $2.5 billion, while emerging bond funds received $659 million, the fund tracker said.
"Sentiment towards emerging markets continued to thaw in mid-June as investors started paying more attention to solid macro-economic numbers from the US," EPFR said. Investors also focused on "encouraging industrial production data from the eurozone," it said.
The MSCI emerging markets Index, which tracks developing nation equity markets, gained 11 per cent since this year's low on May 25, as concerns eased over global economic recovery.
US industrial output increased last month and Spain managed to sell 3.5 billion euros of bonds.