Funds dedicated to emerging market equities attracted some $4bn of investor cash during the week to June 03, according to data from fund tracker EPFR.

Michael Hartnett, chief global equity strategist at Merrill Lynch, described the move as “humongous”. He noted that inflows over the past 11 weeks – around $26bn worth – were greater than for the entire calendar year 2006.

Inflows were fairly evenly split between long-only mutual funds and ETFs, Merrill said.

On a country basis, the flows into Brazil were the second largest on record; in contrast, there were redemptions from Mexico, Turkey and South Africa.

Related links:
Emerging economy bonds surge as risk taking returns – FT
Emerging markets of the future – FT
Q1 FDI to emerging markets plunges – FT

This entry was posted by Stacy-Marie Ishmael on Friday, June 5th, 2009 at 14:13 and is filed under Capital markets. Tagged with Brazil, Funds. Edit this entry.