Is the investor love affair with emerging markets bonds running out of steam?

Is the investor love affair with emerging market bonds running out of steam? Bloomberg’s Lyubov Pronina thinks so, writing that the longest run of inflows in four years is in jeopardy as appetite declines. Net inflows to the asset class fell more than two thirds to USD 200 mn last week, according to research from Bank of America Merrill Lynch citing EPFR Global data. That’s a third consecutive weekly decline and signals the prospect of an imminent end to the EM funds bull market.