Emerging-Market Bond ETF Posts Biggest Outflow on Record: Chart

Investors pulled a record $218 million from a BlackRock Inc. exchange-traded fund tracking emerging-market local-currency debt on Thursday as rising U.S. Treasury yields dented demand for risky assets. The fund, which has doubled in size this year, gives investors access to high yields in developing nations. Analysts at Bank of America Merrill Lynch have warned that outflows from the ETF could exacerbate losses in developing nations if risk sentiment suddenly sours.

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