Emerging Market Equity Funds Attract Most Money Since 2006

Emerging market funds have seen a huge spike in interest from investors so far this year, thanks to renewed confidence in the global economy. Emerging market equity funds are big winners, as flows are so robust in fact that total inflows are now at a post-2006 peak according to UBS’s equity market strategist Geoff Dennis.

In a research report published at the end of last week, Dennis noted that for the week ending 28 April, global emerging market equity funds attracted $2.4 billion inflows, the seventh consecutive week of inflows recorded for the sector. Over this period total inflows are $14.5 billion. Across all emerging markets, India and China reported the largest flows for the third week in a...