Ten straight weeks of outflow for EM funds

Singapore

REFLECTING pessimism over slower growth and risks ahead, emerging market equity funds have suffered its tenth straight week of outflow, with the amount of US$3.2 billion for the week ending Jan 21 bringing the cumulative total to US$24.3 billion.

The cumulative amount represents 2.7 per cent of assets under management (AUM), a Morgan Stanley report showed.