EM Bond Funds Enjoy Inflows

EM bond funds received almost $700m in the week ended February 10, their best week since November, according to EPFR Global. “The flows into EM bond funds still favored those funds investing in local currency debt, generally perceived as riskier, but their share of overall inflows continued to slide, dropping to 43% versus over 95% during the fourth week of January,” the shop says. Performance was also positive, according to Lipper, with EM debt funds up 0.19% on the week ended February 11 and 0.19% year-to-date. Global income funds fell 0.19% for the week and are up 0.52% ytd, while international income funds dropped 0.08% in the week and have also lost 0.13% ytd.