FXstreet.com (Barcelona) - Flows into Emerging Markets (EM) Fixed Income funds, as tracked by EPFR, were very impressive in the week ending 10 October 2012 at +0.97% of Assets Under Management (AUM) – this was the largest recorded inflow for seven months.
In addition, EM Hard Currency bond funds received +1.26% of AUM or US$967mn, more than double the inflows received the previous week. YTD inflows continue to rise and now stand at +33.5% of AUM. Moreover, inflows into EM Local Currency bond funds jumped to +0.96% of AUM or USD $673M from +0.43% of AUM or USD $296M the prior week.
According to the RBS Analyst Team, “Notably, this represents the largest inflow since August 2011 and highlights investor’s appetite to take on more EM FX risk than in the recent past.”
In addition, EM Hard Currency bond funds received +1.26% of AUM or US$967mn, more than double the inflows received the previous week. YTD inflows continue to rise and now stand at +33.5% of AUM. Moreover, inflows into EM Local Currency bond funds jumped to +0.96% of AUM or USD $673M from +0.43% of AUM or USD $296M the prior week.
According to the RBS Analyst Team, “Notably, this represents the largest inflow since August 2011 and highlights investor’s appetite to take on more EM FX risk than in the recent past.”
