1/7/2009

The financial crisis and economic downturn have hindered investor demand for riskier assets, such as emerging-market equities. "The question for 2009 is whether credit markets will continue to thaw and whether all of the fiscal stimulus to come and the expectation of a recovery in economic activity later this year will be enough to coax some of the cash back into equity and bond exposure," said Brad Durham, managing director at EPFR Global, which provides data on outflow of emerging-market funds.

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