Emerging-market equities have enjoyed their first inflows in over 12 weeks, but a raft of banking analysis has warned investors may be walking into a disaster zone, as eurozone crisis talks continue.

Driven predominantly by institutional investors and exchange traded funds, emerging market equities gained $667m in the week ended October 19, according to Standard Chartered. Although relatively small, the inflows will be welcome to a sector that has watched a net $30bn leave emerging market equities in the year to date.