Headlines in the recent months claiming that investors have been rushing for the exits in emerging markets are a great exaggeration, according to an expert.
"There's a view that investors are all bearish and getting out of emerging markets. That's primarily based on the [fund-tracking firm] EPFR data," Alberto Ades, co-head global economics and head of GEMs fixed income strategy at Bank of America Merrill Lynch said at a press briefing on Wednesday.
"It's a very small sample that's very biased to retail investors. If you find other data sources to expand that, what you find is no outflows," he said.
EPFR Global tracks the flow of money into and out of global mutual funds and exchange traded funds (ETFs) with $23.5 trillion in total assets. However, Ades says the universe tracked by the firm represents less than 10 percent of fixed-income assets under management globally.