Net flows for emerging market mutual funds turned negative in July and amounted to a loss of $700 million, according to figures released by eMergingPortfolio.com, a website sponsored by Global Investor Publishing that collects financial data on emerging markets.The data is based on the flows of approximately 1,300 funds that track emerging markets throughout the world. Net outflows for the year through the end of July totaled $580 million. It was the first

time emerging markets recorded net outflows for the year, according to eMergingPortfolio.com.

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