Global investors took another look at emerging markets last month but fixed income continued to struggle. Cherry Reynard reports.
The Federal Reserve’s decision not to taper quantitative easing (QE) in the short term revived the popularity of emerging markets after a long spell of weakness. However, it could not reverse the poor sentiment towards the majority of fixed income markets, where selling pressure gathered momentum. Developed market equities still dominated asset flows, with Europe in particular continuing its current run of strength. According to global fund flow data from EPFR Global, emerging equities funds took $1.9bn in the last week of September, bringing inflows for the month to just over $6bn. ...
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