Emerging markets saw third straight week of outflows, but pace abates |
|
|
|
Published
:
Fri, 17 Aug 2007 09:40
|
WARSAW (Thomson Financial) - Emerging markets-dedicated funds saw their third straight week of outflows in the week ending August 15 as markets headed down on US-led global equity sell-off, but this time the net loss was the lowest and equalled 609 mln usd compared to 2.6 bln in last two weeks, two Warsaw brokerages reported.'It was by far the worst week for Emerging Markets and global equities this year,' a DM BZ WBK Warsaw brokerage report read. 'Given the circumstances, flow patterns remain surprisingly resilient.'GEM (Global Emerging Markets) funds were the main catalyst of redemptions with a net loss of 571 mln usd, while Latin America and EMEA (Europe, Middle-East and Africa) funds surprised on the positive side, reporting net inflows of 37 mln and 6 mln usd, respectively.Both DM BZ WBK and UniCredit (CA IB) brokerages noted Emerging Europe Regional funds, the largest international investor group committed to Poland, faced an outflow of 35 mln usd. According to their estimates, Poland's equity market saw a net loss of 11-12 mln usd.adrian.krajewski@thomson.com +48 22 447 2430ak1/slmCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
|
|
|
|
Print this Story
Emerging market funds see inflows jump on Asia strength - Polish brokers 