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Emerging Market Equity Funds
By "Jimmm Slater", nom-de-plume of a
resources expert based in London
The combined Emerging
Market Equity Funds tracked by EPFR had outflows of $1.48 billion in
the week ending June 7. However, nearly a third of these outflows were
due to redemptions from a single fund that offers only quarterly
redemptions. The outflows bring total outflows in the past three weeks
to $8.36 billion. It is the most outflows from EM equity funds in any
three week period in absolute US dollar terms since EPFR began tracking
fund flows in 1995. But as a percentage of total assets the outflows
are still not as strong as the investor redemptions in May 2004, when
outflows amounted to about 4.5% of total assets. That reduces year to
date inflows to $24.5 billion.
Year to Date performance in USD
| Argentina |
-3.6% |
| Brazil |
+2.3% |
| Chile |
+0.2% |
| Mexico |
-11.7% |
| |
| Czech |
-10.9% |
| Egypt |
-18.8% |
| Hungary |
-10.1% |
| Israel |
+2.1% |
| Russia |
+15.7% |
| SA |
-4.9% |
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| China |
+34.5% |
| India |
-5.7% |
| Korea |
-8.3% |
| Taiwan |
-2.7% |
| Thailand |
+0.1% |
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