Emerging market flows update – Brazil = “Have Not”

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The latest fund flow data is out and emerging market funds have posted a small increase (+$0.02 Billion) for the week ending May 22.

Overall the picture is very moderate with the last 10 weeks showing 5 weeks of inflows and 5 weeks of outflows.

The trends that are important are as follows:

Colombia ( GXG , quote ) finally seeing some inflow

Turkey ( TUR , quote ) remains well bid relative to existing AUM

Poland ( PLND , quote ) a large underperformer in Global Emerging Markets (GEM) this year is seeing fresh allocation interest.

The "have nots" continue to be laggards:

Brazil ( EWZ , quote ) reported the largest outflows at $330 million, while Mexico ( EWW , quote ) which only recently became a "have not" after being a top performer for the past 12 months into May continues to selloff.

Watch India as a place to see a pickup in flows with lower inflation readings and policy expectations growing.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , International , Stocks

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