Domestic Buyers Rescue EM Debt Funds

Domestic Buyers Rescue EM Debt Funds


EM debt flows bounced back into the black this week, thanks entirely to robust investor purchases of local currency fund shares, says ING, which cites EPFR Global and JPMorgan data. The most recent mutual fund investor data for the week ended April 9 reveals a net flow of $144m (0.21% AUM) in to EM debt funds. “The recovery was due to the substantial $242m (1.28% AUM) of local currency fund purchases which helped offset $95m (0.26% AUM) of hard currency fund outflows,” says ING. “The data comes

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