Originally Posted by foxfirev5
Looks like we're at about step 8 -10 for emerging market equity funds.
+1 The herd appears to be on its way out. It will be interesting to see how the July inflow/outflow numbers look.
End of June data:
"LONDON, June 28 (Reuters) - Investment funds dedicated to emerging market equities have posted record monthly outflows in June, shedding their entire year-to-date takings, banks said on Friday, citing data from EPFR Global.
It was the fifth straight week of outflow for equity funds which lost $5.6 billion in the week ended June 26, according to the Boston-based fund tracker which releases weekly data to clients late on Thursday.
The data showed that on a monthly basis, dedicated emerging equity funds suffered $19.86 billion in outflows in the four weeks of June, outstripping the previous record set in January 2008, when $18.7 billion fled the sector."