Emerging market bond funds suffered disproportionately in past month
Refinitiv data showed emerging market bond funds have lost 16.7% of their market value on average over the past month, while the European and U.S. bond funds shed about 9% each.
(GRAPHIC: Global bond funds' returns - )
Global investors sold $4.5 billion worth of emerging market bond funds in the week ended March 18, compared with an inflow of $210 million in the prior week, according to recent data from Lipper.
(GRAPHIC: EM flows - )
Brazil's bond funds were among the top 5 worst performing global funds over the past month, the data showed.
(GRAPHIC: Worst performers - )
Brazil's Caixa FMP FGTS Carteira Livre Renda Fixa 49, Santander PB Negroocho Acoes FI and VIC Safari FICFI Multimercado Credito Privado IE have shed more than 40% each over the past month, the data showed.
Among the top global bond funds by asset size, PIMCO Income fund lost 12.78% over the past month, while Dodge & Cox Income fund dropped 7.26%.
(GRAPHIC: Worst performers among top funds by assets - )
(Reporting By Patturaja Murugaboopathy; Editing by Vidya Ranganathan and Raju Gopalakrishnan)