Emerging markets ETF Fund Flows – More bad news on outflows – Could = SQUEEZE

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Emerging markets ETF outflows as measured through the iShares MSCI Emerging Markets Index Fund ( EEM , quote ) and Vanguard FTSE Emerging Markets ETF ( VWO , quote ) continued en mass in the week of 19-25th of June.

Overall another 1.6 billion flowed out of emerging market ETFs but with a couple of surprises: Brazil ( EWZ , quote ) actually was the only country that saw ETF inflows as +$249 million flowed in.

This is a big reversal for a country that has been most out of favor, other than China.  Speaking of China ( FXI , quote ), China led the way out with -$402 million in absolute terms, as investors were frightened by the move in short end of the rates curve (Shibor) and the hawkish PBoC comments.

Russia ( RSX , quote ) remains on the outs losing $200 million despite still having more than $1 billion of inflows since the start of 2012.

Korea and Taiwan were the biggest losers however when you consider the total $ AUM outflow relative to their overall size in the weighted MSCI.



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



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