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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (105449)	4/13/2014 6:35:43 AM
From: elmatador	Respond to of 219433

EM recovery? Five emerging market funds seeing inflows 04 Apr 2014 \| 07:59 Anna Fedorova Categories: Emerging Markets Emerging markets took a tumble at the start of the year and worried investors pulled their money out of some of the largest emerging market equity funds in the UK market. So far this year, the largest and best known emerging market equity funds managed by Aberdeen Asset Management and First State Investments took the biggest hit, according to FEdata. Both groups have been trying to stem flows into their most popular EM products to protect performance. First State Global Emerging Market Leaders has seen the largest outflows in the sector of £410m, taking its AUM down to £3.26bn, despite a strong return of 14.4% over three years to 2 April, versus an 11% loss from the average manager in the sector; Similarly, Aberdeen Emerging Markets Equity lost around £380m in investor money, with the AUM falling to £2.37bn. However, investors have been putting cash to work in other products to take advantage of the market dip. March has proved them right, as the MSCI Emerging Markets index managed to beat developed equities, returning 4.5%, while the S&P 500 was up just 2.3% and UK's FTSE 100 index finished the month down 1.8%. As emerging markets recover, investor confidence also seems to grow; in the week to 28 March, dedicated emerging market ETFs began to see the first inflows since November 2013, according to a report from Morgan Stanley. Below, Investment Week looks at the five funds that have taken in the most money so far this year. Somerset Emerging Markets Dividend Growth The £525m emerging market strategy run by Edward Lam(pictured) has taken in the most money in the first quarter of the year, with inflows of £156m. The fund, which invests in dividend-paying securities in emerging markets, has made 9% in the three years to 2 April, according to FE, versus a sector average loss of around 11%. Lazard Emerging Markets