EM Debt Funds Gain, Outflow Slows

EM debt funds are up 3.55% for the week ended December 18, Lipper data shows, while outflows have slowed. Year-to-date EM debt has lost 17.88%, making them it worst performer of all world income funds. For the week ended December 18, global income funds are up 3.27% and international income funds are up 4.84%. Year-to-date, global income funds are down 4.94% and international income funds are up 2.56%, Lipper data shows. EM bond funds posted net outflows of $69m in the third week of December, well below the $800m they have averaged during their 19 week losing run, EPFR Global says. “Outflows from emerging markets bond funds were a fraction of their recent average,” says the fund tracker. “Outflows from global bond funds have increased nearly 13-fold while EM bond funds have seen last year’s net inflows of $4.2bn swing to outflows in excess of $14bn,” it adds.