新兴市场

Emerging market ETFs bleed $19bn so far this year

Fears about deteriorating economic conditions in China, Brazil and Russia have led to a massive retreat from emerging market exchange traded funds.

So far this year investors have pulled $19bn from emerging market ETFs but experts suggest these vehicles are vulnerable to much more selling pressure.

Geoff Dennis, head of emerging markets equity strategy at UBS, the bank, said: “It feels like no one wants to be in emerging markets at the moment.”

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