Emerging Markets down despite Bank of Japan’s quantitative easing


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Emerging markets are down -4.2% on a 30 day rolling basis and -6.3% on year to date basis despite Bank of Japan's quantitative easing leading to bid in emerging market currencies.

Without this support in FX land emerging markets would be down 10% YTD in my view.

All of this comes also with $28 billion inflows YTD which is already at the average for the full year flows we saw since 2006.

In other words, it should have been a pretty good year for emerging markets based on fund flows...  not so much...

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks

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