The MSCI Emerging Markets (EM) Index is designed to measure global emerging market equity performance.

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On the equity side, compared to the benchmark MSCI Emerging Markets index, global emerging market equity funds were underweight, in order of less weighting, Brazil, China and Russia, and slightly overweight India up to June 11, according to EPFR Global and Barclays.

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Mr Gilbert said the level of fixed-income business that had left Aberdeen Asset Management had "slowed significantly" and the company continued to be successful in attracting new investment to global equity and emerging market equity funds.

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Emerging market funds and global equity funds also posted weekly inflow records as investors continued the rotation out of bonds and cash and towards equities, a trend that started in earnest in December.

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Since then, foreign money managers have sold their emerging market equity positions, but have remained relatively stable on fixed income, according to EPFR Global in Cambridge, Mass.

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