Investors show taste for hard currency bonds

21 Nov 2011

A preference for hard currency bonds became noticeable in the week ending November 12, according to EPFR, the fund flow data provider.

A preference for hard currency bonds was evident last week where net inflows of US$190 million were seen by the EPFR. Emerging market equities and local currency bond funds drew net outflows of US$222 million and US$164 million, respectively.

HSBC strategists noted at the same time conflicting behaviour by ...

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