Published by
Reuters UK
Reuters UK
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Mutual funds that invest in emerging market (EM) equities and bonds have faced huge outflows over the past month, as the intensifying Russia-Ukraine crisis spawns fears over higher inflation and slower economic growth in these markets. According to Refinitiv Lipper, a cumulative $8.1 billion has flowed out of EM equity funds and $5.73 billion from bond funds in the past four weeks. This is in contrast to last year’s heavy inflows, when EM bond funds received $232 billion, while EM equity funds obtained $103.4 billion. Among EM equity fun…