EM Bonds on Inflow Streak

EM bond funds posted inflows of $306m in the week ended April 13, their third straight week of inflows, EPFR Global says. “Those funds with local and hard currency mandates took in similar amounts of fresh money, with retail investors net contributors for the fourth week in a row — that more than offset redemptions from blend funds,” it says. Meanwhile, Lipper data show that performance was positive. EM debt funds gained 2.78% in the week and are up 0.11% year-to-date global income funds are up 0.48% in the week and 2.25% ytd and international income funds are up 0.98% in the week and 2.86% ytd.