Members of the Global Forum on Transparency and Exchange of Information for Tax Purposes took significant steps during a meeting in Jakarta, to implement a global call for greater international co-operation against tax evasion, the OECD reports.
Emerging markets are far from firing their bazookas says Jan Dehn, head of Research at Ashmore.
Funds focused on Indonesia, Malaysia and Thailand ware particularly in demand among Swedish investors during April, while Sweden and more traditional emerging market equity funds were among those most sold, according to figures from Skandia.
Robert Horrocks, CIO at US-based fund provider Matthews Asia, has said that China may not feel obliged to step into any rescue efforts targeting Italy.
Italian managers express growing interest in markets such as Turkey and Brazil, despite some concerns about headline GDP growth rates in the bigger markets such as China and India.
Domestic demand within Asian markets is creating significant opportunities for long term investors in the region, says Matthews Asia's Sharat Shroff, co-lead manager on the Pacific Tiger sub-fund of the manager's Luxembourg Sicav.
Indonesia's growing role in the global market is discussed by Singapore based Phillip Capital in light of the performance of SGX MSCI Indonesia Index futures.
On June 7 China cut its interest rate by 25 basis points for the first time since December 2008 - an unexpected decision, which caused markets to rally.