Friday, April 20, 2007

Emerging debt funds lose $1.4 bln in week

(Reuters) - On April 13, Argentine and Venezuelan government bonds plunged on fears that ABN AMRO Asset Management would reduce its large exposure on both countries, after news that its top-performing fund manager who headed the bank's global emerging markets debt portfolio had resigned.

Cumulative inflows since Jan. 1, 2006 for U.S. funds were down 1.3 percent and for non-U.S. funds were up 25 percent.


Read more at Reuters.com Bonds News

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