Big-money investors are beginning to place more cash in emerging markets as they chase returns in what could be a structural shift in the way they allocate...
LONDON - Big-money investors are beginning to place more cash in emerging markets as they chase returns in what could be a structural shift in the way they allocate their money, a veteran Bank of America economist told Reuters.
"You're seeing outflows from dedicated and at the same time people involved in crossover. That is the new thing. I don't recall that this has ever happened before." Hauner said there was no single data point that captured the investments. EPFR data reflects exchange-traded and mutual funds that comprise a set mix of emerging markets, often dominated by China.
IIF data, for example, showed foreigners adding about $32.7 billion to their emerging market portfolios in March, a fifth consecutive month of overall foreign net flows to emerging markets. People Are Sharing Famous Companies That Went Bankrupt Over Dumb Decisions, And Now I Finally Know What Happened To Circuit City
David Hauner Bank Of America EPFR
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