A 24-week pouring of new money into emerging market bond funds, driven by investors fleeing near-zero yields on developed country debt, is losing steam. Net inflows to the asset class fell more than two thirds to $200 million last week, according to research from Bank of America Merrill Lynch citing EPFR Global data. That’s a third consecutive weekly decline and raises the prospect of an imminent end to the longest winning run of flows in four years.
Tuesday, July 18, 2017
Bloomberg News - Investor Love Affair With Emerging Bonds Is Losing Momentum
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A 24-week pouring of new money into emerging market bond funds, driven by investors fleeing near-zero yields on developed country debt, is losing steam. Net inflows to the asset class fell more than two thirds to $200 million last week, according to research from Bank of America Merrill Lynch citing EPFR Global data. That’s a third consecutive weekly decline and raises the prospect of an imminent end to the longest winning run of flows in four years.
A 24-week pouring of new money into emerging market bond funds, driven by investors fleeing near-zero yields on developed country debt, is losing steam. Net inflows to the asset class fell more than two thirds to $200 million last week, according to research from Bank of America Merrill Lynch citing EPFR Global data. That’s a third consecutive weekly decline and raises the prospect of an imminent end to the longest winning run of flows in four years.
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