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

By: Emerging Money
Posted: 6/27/2013 10:11:00 AM
Referenced Stocks:

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.