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Emerging-market stocks set for best quarter since 2012

Asset managers have piled almost $11 billion into developing-nation exchange-traded funds listed in the U.S. this quarter, the most since 2012.

By Choong En Han, Natasha Doff | Updated on June 30, 2014
Bulgarian stocks surged the most in the world.

June 30 (Bloomberg) — Emerging-market stocks rose, set for the biggest quarterly gain since 2012, as signs of a revival in economic growth lured investors. Bulgarian stocks surged the most in the world, rebounding from last week’s five-month low.

The MSCI Emerging Markets Index advanced 0.4 percent to 1,050.62 at 1:47 p.m. in London, extending its increase this quarter to 5.6 percent. The measure has risen for a fifth month, set for the longest rally since 2007. Developing-nation currencies appreciated 0.8 percent in the three months through today, the first such gain since the end of 2012, led by the won. Russia’s ruble weakened 0.7 percent versus the dollar, paring its best quarterly performance since 2012.

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