Emerging markets attracted fresh capital worth $2.1 billion during the week ended November 9, given their superior growth prospects in the wake of debt crises in Italy and Greece, global fund-tracking agency EPFR has said.
"The turmoil surrounding Italy and Greece did, however, highlight the better fundamentals and superior growth prospects of many emerging markets, with China front and center," EPFR said in its weekly report.
EPFR noted that equity funds dedicated to Bric countries (Brazil, Russia, India and China) collectively snapped an outflow streak since mid-April. Besides, flows into Asia excluding Japan equity funds hit a 20 week high.
In its report, EPFR said that overall, equity funds dedicated to global markets saw net inflows of $9.59 billion during the week ended November 9, which is much higher than $4.9 billion net inflows witnessed in the previous week.
Hat-tip Eugene
EPFR noted that equity funds dedicated to Bric countries (Brazil, Russia, India and China) collectively snapped an outflow streak since mid-April. Besides, flows into Asia excluding Japan equity funds hit a 20 week high.
In its report, EPFR said that overall, equity funds dedicated to global markets saw net inflows of $9.59 billion during the week ended November 9, which is much higher than $4.9 billion net inflows witnessed in the previous week.
Hat-tip Eugene
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