Investors go back into emerging equities-banks citing EPFR
LONDON May 16 (Reuters) - Investors put $400 million into emerging equity funds last week after outflows in the week before, while emerging bond funds drew in $1.2 billion, banks said on Friday, citing data from EPFR Global.
Emerging bond funds pulled in investors for the seventh straight week in the week ending May 14, the Boston-based fund tracker said. It released data to clients late on Thursday.
Emerging markets have suffered outflows since the middle of last year on worries about a scaling-back of monetary stimulus in larger markets. But that tide has started to turn.
The latest figures bring year-to-date outflows from emerging equity funds tracked by EPFR to $30.5 billion, more than double total 2013 outflows of around $14 billion.
Bond funds have shed $7 billion this year, after outflows of $14 billion in 2013.
Developed equity funds, meanwhile, reported inflows of $10.3 billion last week, banks said, with U.S. funds posting the largest inflows at $6.2 billion. (Reporting by Carolyn Cohn; Editing by Catherine Evans)