Bank of America Data: Emerging-Market Debt Funds Attract $3.1B Inflows
BAC•Bank of America EPFR data shows developing-nation debt funds attracted $3.1 billion in inflows in the week to May 27, the seventh straight weekly gain. Rising US, UK and Japan bond yields have propelled investors toward emerging-market debt, intensifying competition for limited high-yield opportunities.
1. EPFR Data Shows Rising EM Debt Inflows
Bank of America EPFR data reveals that developing-nation debt funds recorded $3.1 billion of net inflows in the week to May 27, marking their seventh consecutive weekly gain. Shifts in global bond yields have driven investors to seek higher returns in emerging markets.
2. Potential Impact on Bank of America Services
Sustained investor interest in emerging-market debt may boost demand for Bank of America’s market research and trading services, as clients increase allocations to high-yield hard- and local-currency bond strategies.
