Fund Inflows
The MSCI emerging-market index climbed 0.6 percent to 1,108.33 at 10:41 a.m. in London, heading for the biggest gain in five days.
Developing-nation stock mutual funds attracted more than $60 billion this year as benchmark interest rates near zero percent in the U.S. and Japan lifted demand for higher-yielding assets, data compiled by Cambridge, Massachusetts-based research firm EPFR Global show. U.S. stock funds had outflows of $71 billion, according to Investment Company Institute data.
More emerging-market companies are returning cash to shareholders than ever before. At least 634 equities in the MSCI gauge paid dividends as of the end of September, including 52 stocks that yielded more than the record-low 5.64 percent average annual rate on company bonds, the most since June 2005, data compiled by Bloomberg and JPMorgan Chase & Co. show.
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