EM Bonds on Winning Streak

On the week ended June 10 EM Bond Funds “managed to extend their winning streak, the longest since Q3 07, as investors committed another $102m despite Latvia’s woe and the “haircut” Ecuador has imposed on holders of its sovereign debt,” says EPFR Global. As for performance, EM debt funds were up 0.20% on the week ended June 11 while other world income funds’ performance weakened, Lipper data reveals. Global income funds were down 0.18% and international income funds dropped 0.60%.