Investors pile into emerging market debt

The amount of inflows into emerging market bond funds in 2010 has already overtaken the figure for 2009.

Assets have risen 53% since the beginning of 2010 after a surge of inflows during the past three months, according to Lipper FMI. Assets reached €96.4bn (£81.4bn) by the end of July with five groups - Pictet, Schroders, Ashmore, Franklin Templeton and Gam - making up 41% of the inflows. In 2009 assets grew by 42%, rising from €44.5bn to €63.2bn. Around 29% of inflows into bond funds now flow into emerging market products, indicating investor appetite for the developing world's growing consumption. The returns offered by the region also appear to be attractive. Lipper says the J.P...