Emerging markets took a tumble at the start of the year and worried investors pulled their money out of some of the largest emerging market equity funds in the UK market.
So far this year, the largest and best known emerging market equity funds managed by Aberdeen Asset Management and First State Investments took the biggest hit, according to FE data. Both groups have been trying to stem flows into their most popular EM products to protect performance. First State Global Emerging Market Leaders has seen the largest outflows in the sector of £410m, taking its AUM down to £3.26bn, despite a strong return of 14.4% over three years to 2 April, versus an 11% loss from the average manager in the sector; Similarly, Aberdeen Emerging Markets Equity lost around £...
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