The money flowing out of emerging market investments has become something of a spectator sport this week. We see different numbers from different sources, but the overall takeaway is the same: Investors are fleeing in big numbers.
Bank of America calls its report on the subject “The First Signs of Panic” and refers to outflows from exchange traded funds as a “stampede.” The combined outflows for emerging market equity and debt ETFs totals more than $9-billion (U.S.). That rivals outflows seen during last summer’s “taper tantrum,” the U.S. debt ceiling crisis of 2011 and even the Lehman crisis of 2008.Report Typo/Error
- BMO Emerging Markets Bond Hedged To Cad Index Etf$16.42+0.02(+0.12%)
- Vanguard Emerging Markets Stock Index Fund$35.77-0.04(-0.11%)
- Vanguard FTSE Emerging Markets All Cap Index ETF$28.58-0.11(-0.38%)
- iShares Emerging Markets Fundamental Index ETF$31.24-0.06(-0.19%)
- iShares MSCI Emerging Markets Index ETF$26.28-0.12(-0.45%)
- WisdomTree Emerging Markets SmallCap Dividend Fund$38.85+0.05(+0.13%)
- PowerShares DWA Emerging Markets Technical Leaders Portfolio$14.87+0.01(+0.07%)
- iShares Emerging Markets Dividend ETF$34.16+0.18(+0.53%)
- BMO MSCI Emerging Markets Index ETF$16.36+0.02(+0.12%)
- Updated December 1 8:00 PM -5GMT. Delayed by at least 15 minutes.