Morning Commentary: EM funds see $920 million inflows, first positive flow in 12 weeks

By Paul A. Harris

Portland, Ore., July 13 – This week emerging markets bond funds stanched a hemorrhage of red ink that ran for 11 consecutive weeks, according to a sellside source relating data in a weekly report from fund-tracker Emerging Portfolio Fund Research, Inc. (EPFR).

The funds saw $920 million of inflows in the most recent week, according to the sellsider.

Hard currency accounts saw the lion's share of the inflows, at $460 million. Local currency accounts saw $300 million. Blended currency accounts saw $150 million of inflows.

The first positive flow in 12 weeks, it trails the previous week's $1.52 billion of net outflows, and returns the dedicated emerging markets bond funds to the green year to date, at plus $330 million, the source said.

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