Headlines in the recent months claiming that investors have been rushing for the exits in emerging markets are a great exaggeration, according to an expert. "There's a view that investors are all bearish and getting out of emerging markets. That's primarily based on the fund-tracking firm (EPFR) data," Alberto Ades, co-head global economics and head of GEMs fixed income strategy at Bank of America Merrill Lynch said at a press briefing on Wednesday. "It's a very small sample that's very biased to retail investors. If you find other data sources to expand that, what you find is no outflows," he said.
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