Emerg stock funds get $5.7bln in past wk-banks cite EPFR

LONDON, April 8 (Reuters) – Investors continued to trickle
back into emerging markets over the past week with equity funds
receiving $5.7 billion in inflows, the best week since
mid-November 2010, banks said on Friday, citing data from EPFR.

Emerging bond funds absorbed $899 million in the week to
April 6, double the previous week’s levels, banks quoted EPFR
Global as reporting in its release to clients late on Thursday.

Emerging markets have been largely out of favour this year
as investors rotated cash into U.S. equities to position for the
growth recovery there, while emerging markets also suffered from
inflation and monetary tightening expectations.

But last week ended a nine-week streak of redemptions that
had removed around $25 billion from emerging equities. This
week’s inflow total of $5.693 billion compares with a net $2.645
billion received last week.

Russia equity funds took in $400 million in new money while
Brazil funds were the losers, shedding $26 million, banks said.

On the emerging debt front, local currency bond funds
accounted for most of the intake, absorbing $586 million.

(Editing by Toby Chopra)

Emerg stock funds get $5.7bln in past wk-banks cite EPFR