Investors pile into emerging market bonds

Assets have risen 53% since the beginning of 2010 after a surge of inflows during the past three months. In total, assets reached €96.4bn (£81.4bn) by the end of July with five groups - Pictet, Schroders, Ashmore, Franklin Templeton and Gam - taking 41% of the inflows. In 2009 assets grew by 42%, rising from €44.5bn to €63.2bn. Around 29% of inflows into bond funds now go into emerging market products, indicating investor appetite for the world's growing consumption story in the developing world. The returns offered by the region also appear to be attractive. Lipper says the J...