(Citi) Fund Flows Insights : Second Week of EM Inflow

* Second week of equity outflow — In the week of 4/27/2016, bond funds had an inflow of US$5.3bn while equity funds had a net outflow of US$6.0bn. Europe and Japan equity funds saw outflows of US$4.8bn and US$2.5bn, respectively. US funds had an inflow of US$1.1bn.

* US$166mn of inflow into EM funds — GEM funds contributed most, with US$633bn of inflow. EMEA funds also had inflow, at US$77mn. Asia funds, however, continued to see outflow, at US$486mn, with China ETFs seeing US$311mn of outflow. LatAm funds also had a small outflow, at US$58mn.

* US$1.4bn of net foreign buying in Asia — In the week of 4/27/2016, Korea and Taiwan both had over U$500mn of foreign inflow, while India had US$205mn of inflow. In Japan, inflows recovered for the 3rd week, with US$4.7bn of foreign net purchases in TOPIX.