Investors Yank Cash from EM Equity

Investors Yank Cash from EM Equity

Funds

Investors are retreating from equity funds as financial markets swoon, pulling cash out of EM, including LatAm, according to EPFR Global. "Emerging markets equity funds posted outflows for the first time in eight weeks as investors pulled money out all the major fund groups during the second week of June," says the fund tracker, attributing losses in some of those markets to concerns over inflation. Asia ex-Japan equity funds suffered the heaviest redemptions, with China, Greater China and Hong

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