EM Bond Funds Swell

Emerging Market bond funds saw inflows of $598m in the week ended January 11, according to EPFR, bringing the total assets under management for that group to $69.5bn. “The common theme for most of these fund groups [that saw inflows] is heavy investor selling last year,” says EPFR analyst Cameron Brandt. “It seems that, despite the post-Christmas chill in the markets, there is still a real appetite for asset groups that investors think might be oversold.” Performance for EM Debt funds as measured by Lipper was positive in the week, rising 0.26%, in line with the average performance of the World Income funds group. In the year EM Debt is up 1.19%.