Emerging market equity fund outflows this year surpass whole of 2013


The Boston-based fund tracker, which releases data late on Thursday to clients, said $6.37 billion had fled emerging equity funds in the week to Feb. 5, while bond funds shed $1.98 billion.

That brings year-to-date equity outflows to $18.6 billion versus a $15.2 billion outflow for the whole of 2013, the data shows. Emerging equity funds have now suffered 15 straight weeks of outflows, a record that beats the previous 14-week losing streak seen in 2002, analysts at Morgan Stanley said.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Wasco to gain from transition to renewables
CPO prices to stay range-bound in February
Stiff competition to reshape auto landscape
Maybank’s sustained returns growth ambition
Steel Hawk unit secures Sabah contract
Real estate credit hits US$79bil in 4Q
Oxford Innotech wins RM4.8mil data centre job
MAG makes new executive leadership appointments
KIP-REIT expects higher traffic at its malls
Glovemakers shift focus as China floods markets

Others Also Read