November 30, 2010
EM bond funds had outflows of $485m in the week ended November 24, accordin
EM bond funds had outflows of $485m in the week ended November 24, according to EPFR Global. This brings a 25-week inflow streak to an end. EPFR says outflows were concentrated in funds with hard currency mandates as events in Korea and the Eurozone depressed risk appetite, with the spread between UST and the EMBI+ jumping briefly back over 250bp.