Sharp slowdown in equity inflows for EM funds

London

INVESTORS put new money into emerging market funds for the fifth straight week although the pace of equity inflows slowed sharply, banks said yesterday, citing data from EPFR Global.

The Boston-based fund tracker, which releases data to clients late on Thursday, said emerging equity funds had received US$90 million in the week to April 30, much less than the US$470 million they took in a week before.