MNI: In a note released on Friday Barclays noted.....>

MNI: In a note released on Friday Barclays noted that "there were modest inflows

into EM equity funds and moderate outflows from EM bond funds in the week ending

2 May, especially from EM hard-currency funds. The recent negative turn in flow

momentum has coincided with lacklustre performance in EM assets in recent

months. As equity-rates correlations have turned negative, and EM credit has

been hit by a double whammy of higher rates and wider spreads, concerns have

been raised regarding a negative performance-outflows cycle. While performance

has indeed been weak recently, outflows have been, overall, contained thus far;

it will be important to see if the recent backdrop eventually manifests into

accelerating outflows in the coming weeks."