Jun
18
Investors Are Bailing from Emerging-Market ETFs
By-
Rising U.S. interest rates weigh on emerging-market assets
- iShares EM fund had $2.2 billion in outflows last week
Investors are yanking funds from emerging-market exchange-traded funds as rising interest rates in the U.S. weaken emerging-market assets.
The $35 billion iShares MSCI Emerging Markets ETF, or EEM, had $2.2 billion of outflows last week, the most since January 2014. Meanwhile, the biggest emerging-markets ETF, the $65 billion Vanguard FTSE Emerging Markets ETF, or VWO, lost about $270 million last week for its second-worst performance in over two years…
