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$16.86-0.12(-0.71%)
- Vanguard Emerging Markets Stock Index Fund$42.78-0.22(-0.51%)
- Vanguard FTSE Emerging Markets All Cap Index ETF$32.32+0.13(+0.40%)
- iShares MSCI Emerging Markets Index ETF$30.71+0.05(+0.16%)
- WisdomTree Emerging Markets SmallCap Dividend Fund$47.72-0.12(-0.25%)
- iShares Emerging Markets Dividend ETF$41.57-0.22(-0.53%)
- BMO MSCI Emerging Markets Index ETF$19.14-0.06(-0.31%)
- Updated July 27 3:15 PM EDT. Delayed by at least 15 minutes.