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Emerging Bond Investors Keep Faith Despite Dip.

Byline: Ben Wright

May 23--Emerging market debt was the asset class of last year. Institutional investors, including company pension funds, poured their money into bonds issued in Latin America, eastern Europe and Asia-Pacific. But this love affair has suffered a setback.

Emerging market bond funds absorbed $3.3 billion (UKpound 1.9 billion, euro2.8 billion) of new assets in 2003, according to EmergingPortfolio.com Fund Research, more than any year since the firm began tracking these funds in 1995. In 2002, inflows amounted to $1.7 billion; before that they

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