EM Debt Funds Drop

EM debt funds remain on negative ground, dropping 3.26% on the week ended November 20 and 26.04% year to date, making it the worst performer of all world income funds, which averaged a 1.87% drop for the week and 13.63% year to date. Global income funds, meanwhile, are down 1.59% and international income funds dropped 0.82%. Investors pulled $239m out of EM bond funds in the week ended November 19, according to EPFR Global, making this the 15th straight week of losses for the funds. The previous week the EM bond funds lost $1.3bn.