(Bloomberg) -- Emerging market equity funds’ net inflows fell to $2.2 billion in the week to Oct. 28, after averaging $4.4 billion over the previous two weeks, according to EPFR Global. Global emerging market equity funds attracted $1.54 billion and money invested into Asia, excluding Japan vehicles, totaled $433 million, EPFR said in an e-mailed statement. It added that Latin America funds drew $195 million, while those investing in Eastern Europe, the Middle East and Africa took in $104 million.
Developing nations continued to draw investors even as the MSCI Emerging Markets Index fell 5.3 percent in the five days ended Oct. 28, the most in more than eight months. Gains this week took the total inflows for the year to a record $64 billion, according to estimates by Morgan Stanley.
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