Investors pulled a record amount of money from global and emerging-market equity funds in the past week, when rising trade tensions and a strengthening dollar sent a shockwave through east Asian markets.
Global equity funds experienced a weekly record outflow of $8.1bn, while global emerging-market equity funds had their own record withdrawal of $6bn for the week ended Wednesday, according to data from EPFR.
The withdrawals came in the same week that the White House moved to impose tariffs on $50bn of Chinese imports, and threatened tariffs on $200bn more if Beijing retaliates. Asian markets were jolted on Tuesday in response to the gathering trade war.
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