Emerging Nation ETFs See Biggest Cash Outflow Since May 2020
- Withdrawals reached $1.1 billion as global markets soured
- EMB lost $631.5 million, the third consecutive weekly outflow
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Investors fled exchange-traded funds that buy emerging market assets last week at the fastest pace since the peak of the pandemic as U.S. policy concerns soured global markets.
Outflows from U.S.-listed emerging market ETFs that invest across developing nations, as well as those that target specific countries, totaled $1.1 billion in the week ended Oct. 8, according to data compiled by Bloomberg. This was the biggest weekly outflow for the category of funds since May 2020.