Emerging ETF Declines as Fed Cuts Stimulus Amid Selloff
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The iShares MSCI Emerging Markets Index exchange-traded fund declined to a five-month low after the Federal Reserve pressed on with a reduction in economic stimulus amid a selloff in developing-nation currencies.
The ETF retreated 1.4 percent to $37.78 at 4 p.m. in New York. The MSCI Emerging Markets Index advanced 0.3 percent to