Thursday, August 20, 2009

Winds Shift Away from Emerging Markets

Aug. 21 (Bloomberg) -- Global emerging-market equity funds posted the highest outflows of 2009 in the third week of August, while China equity funds had their worst week since early in the first quarter of 2008, EPFR Global said.

Funds investing in developing nation stocks globally lost $946 million in the week ended Aug. 19, the research company said. Asia excluding-Japan funds lost $810 million, the most in 24 weeks, while Latin America and Europe, Middle East and Africa stock funds saw “modest inflows,” EFPR added.