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| Wan Ling Martello, Executive Vice President Global eCommerce Emerging Markets Presents at the 2011 Walmart Shareholders' Meeting (Photo credit: Walmart Stores) |
However, diversified emerging-markets stock funds were even more popular. This category gathered approximately $ 21.7 billion in inflows during the year ended May 31, 2012, which ranks second among all open-end mutual fund categories and was by far the most among all equity categories. (The intermediate-bond category attracted the most assets over the past 12 months, while the short-term bond and high-yield groups ranked third and fourth, respectively.) The gap in inflows is surprising given that the average emerging-markets equity fund suffered a sizable 20% loss over the 12 months through May 31, while the typical emerging-markets bond offering incurred a minuscule 0.5% decline.
Further, diversified emerging-markets stock category continues to have far more total assets and many more members than the emerging-markets bond category. The equity category had roughly $ 193 billion in assets as of May 31, whereas its fixed-income counterpart had approximately $ 57 billion in assets. And there are a total of 172 diversified emerging-markets funds versus just 62 emerging markets bond offerings... Continue to read.
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