Investors pulled money out of funds dedicated to emerging markets for an eighth consecutive week as the global freak out flight-to-quality continued. Dedicated EM funds registered outflows equivalent to 0.76 per cent of total assets, according to data from EPFR, which tracks fund flows:
The experience of developed market funds was mixed – US funds posted inflows equivalent to 0.39 per cent of total assets, while Western European funds and Japan funds registered outflows equivalent to 0.30 per cent and 0.28 per cent of assets under management respectively.