FTFM Credit crisis? What credit crisis? appears to be the mes-sage from those investing in emerging market equities.
Fresh from a four-year bull run, some might have thought the notoriously volatile asset class could be vulnerable to a bout of profit-taking at the first hint of panic in financial markets. Not so. Since the credit squeeze set in in August, net inflows into emerging market equities have accelerated, totalling $24.3bn as of mid-November, compared with just $1.6bn in the same period of 2006, according to data from EPFR Global.
