Emerging market funds lose $3.8bn in a week

Emerging markets equity and bond funds suffered record outflows of $3.8bn (€3.2bn) in just one week as investors reacted to historically high oil prices hiking up inflation and China attempting to cool its economy.

According to the monthly statistics from EmergingPortfolio.com Fund Research (EPFR) the week ending May 12 was the worst week for investment across the emerging markets all year.

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