Emerging Market ETFs Suffer $1B Loss in 5th Week of Outflows
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Investors pulled more than $1 billion out of U.S. exchange traded funds that invest in emerging markets last week, leaving the ETFs in the longest losing streak since September.
Redemptions from emerging-market ETFs that invest across developing nations as well as those that target specific countries totaled $1.16 billion last week, compared with withdrawals of $272 million in the previous period, according to data compiled by Bloomberg. Losses so far this year total $5.29 billion. Deposits in the funds declined for the fifth straight week, the worst stretch since 11 weeks that ended in mid-September.