Emerging markets funds received record net inflows in the week ending February 8, with $3.3 billion moving to equities and $851.8 million pouring into bonds, Emerging Portfolio Fund Research EPFR said on Friday.
Demand for emerging equity funds was the largest in dollar terms since EPFR began collecting such data in 1995. All regions had a strong performance, with record inflows to Asia ($1.5 billion) and China ($304 million).
Equity funds in the BRIC nations -- Brazil, Russia, India and China -- also received a net $376 million, a record since EPFR began tracking these funds separately in October 2005.
Bond funds attracted a record $851.8 million in fresh money, specially from institutional investors.
Three funds open only to institutional investors -- two managed by Ashmore Investment Management and one managed by Grantham, Mayo, van Otterloo (GMO) -- accounted for 64 percent of the total inflows to emerging market bond funds, EPFR said.
Global equity funds also set a record, receiving $2.8 billion of fresh money, almost double their previous best mark of $1.47 billion in May 2002.
{{/usCountry}}Global equity funds also set a record, receiving $2.8 billion of fresh money, almost double their previous best mark of $1.47 billion in May 2002.
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