GLOBAL - Institutional investors are ploughing into emerging market bonds, according to EmergingPortfolio.com Fund Research (EPFR). The asset class attracted net inflows of US$198m for the week-ending April 16, meaning a near 17% rise in total assets this year. Total inflows through the first three-and-a-half months of 2003 are now more than double the net inflows for the whole of 2002.
EPFR tracked 168 emerging market bond funds with US$10.5bn in assets. “About US$139m of the new flows were pumped into a single fund, which usually indicates the awarding of a new emerging marke...
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