Barclays on EM Flow: Outflows for the first time in a while

There were outflows in the week ending August 16, the largest seen so far this year. Outflows were primarily in EM equity funds, as EM bond funds reported flat flows w/w. While it appears that the risk-off sentiment toward the end of last week was enough to slow flow momentum, at least in the near term, it remains to be seen whether this is just a blip or a trend. Given the recovery EM risk assets have had so far this week and that positioning by EM funds has been somewhat defensive, there are signs that the technical support for the asset class still has room to run.

18 Aug 2017 - 11:18- Economic Commentary- Source: Barclays

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