Money still pumping into emerging market funds

Emerging market funds have raked in a weekly haul of $4.9 billion according to data tracked by EPFR Global. This represents the biggest weekly inflow total since late December 2007. Net inflows into emerging market equity funds have now crossed the $50 billion mark for the year-to-date. BRIC nations -- especially China, India and Russia equity funds -- all recorded strong inflows for the week. Even Brazil's imposition of a tax on foreign inflows to try and halt the recent run-up in …