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$16.91-0.03(-0.18%)
- Vanguard Emerging Markets Stock Index Fund$39.03-0.16(-0.41%)
- Vanguard FTSE Emerging Markets All Cap Index ETF$30.900.00(0.00%)
- iShares MSCI Emerging Markets Index ETF$28.19-0.04(-0.14%)
- WisdomTree Emerging Markets SmallCap Dividend Fund$43.55-0.19(-0.43%)
- iShares Emerging Markets Dividend ETF$39.12-0.13(-0.33%)
- BMO MSCI Emerging Markets Index ETF$17.50-0.02(-0.11%)
- Updated February 27 3:46 PM EST. Delayed by at least 15 minutes.