Emerging Markets: FI funds saw the 12th consecutive week of inflows - RBS

Research Team at RBS, notes that in the week to Wednesday, Emerging Markets FI funds saw the 12th consecutive week of inflows, attracting +0.1% of AUM.

Key Quotes

“However, this represents the asset class’s smallest positive print this year, with the last 4 weeks registering the lowest cumulative 4 week sum since mid-March. LATAM was the most attractive region this week, albeit marginally, with Emerging Asia funds witnessing redemptions again.

Developed Market FI funds recorded inflows of $3.3bn, or +0.1% of AUM. This print is not as high as previous weeks, but extends its 6 week run of gains; the strongest 6 week run since April 2015. North America remains the main beneficiary of these inflows, with injections of $2.9bn, or +0.1%, this week.

In equities, Emerging Market funds saw their highest redemption of the past 16 weeks. Emerging Europe was the hardest hit, but Emerging Asia and LATAM both saw record redemptions too. In Developed Markets, the pace of outflows softened compared to previous weeks, but on a YtD basis the asset class remains in the red.”