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Investors pour US$1.1b into emerging market debt funds in week: BofA
[NEW YORK] Investors worldwide poured US$1.1 billion into emerging markets debt funds, marking their biggest weekly inflows since June of last year, and US$2 billion into high-yield bond funds in the week ended Feb 25, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
The inflows into high-yield bond funds marked their fifth straight week of inflows, according to the report, which also cited data from fund-tracker EPFR Global. Emerging market stock funds attracted US$300 million in new cash, marking their third straight week of inflows.
Stock funds overall attracted US$4.9 billion to mark their third straight week of inflows, while bond funds overall attracted US$6.9 billion to mark their eighth straight week of inflows.