By Marcus Williams in London
Stock markets in emerging economies of Brazil, Russia, China and India registered double or triple-digit gains in the noughties compared to the US equities market which shed almost 20%.
Emerging market rallied more strongly than their emerging market counterparts over last year after being hit more severely by the 2008 international credit crisis. But data for the decade showed emerging markets outperformed most developed economies over the decade too.
Equity funds focused on emerging markets, which were hit by redemptions worth $49.5bn in 2008, attracted record inflows of $80.3bn in 2009, representing the highest influx since 1997, according to fund tracker EPFR.
Almost $60bn of this year’s inflows went to the four largest emerging market economies - Brazil, Russia, India and China. China funds attracted $6.8bn, Brazil-specific funds $4.9bn, India $3.1bn and Russia $1.5bn.
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