BUZZ-EM weakness takes toll on UK-listed funds

** Listed units of EM/China-focused funds in the UK feeling the heat from the persistent weakness across their focus markets

** Fidelity's China Special Situations fund down 5.1 pct in decent volumes and worst performing UK midcap

** Units (HKSE: 0405.HK - news) in fund down 8.3 pct since last Monday's surprise regime shift for the Chinese yuan

** Units in JP Morgan's China fund down 7.6 pct in the same period

** Aberdeen's NYSE-listed Emerging Markets fund down 3.7 pct since last Monday's close, while main co Aberdeen Asset Management's shares are at their lowest since Dec (Shanghai: 600875.SS - news) . 2012

** EM-focused Aberdeen saw outflows of almost 10 bln stg in 3 months to June as investors cut their exposure to EM

** Templeton EM fund, JP Morgan EM fund, and Genesis EM fund down 5.5-6.7 pct since last Monday

** FTSE 350 Equity Investment Instruments Index is down 3.2 pct since the move, dragged down by Templeton EM and Fidelity China

** The latest monthly survey of global investors from BofA-ML found investors were underweight EM by the most on record (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)