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Rating:Investors Pulling Dollars From Emerging Market Funds Amid Market Worries Not Rated 3.1 Email Routing List Email & Route  Print Print
Thursday, August 16, 2007

Investors Pulling Dollars From Emerging Market Funds Amid Market Worries

by: Erin Kello

The shaky market has prompted investors to withdraw $627 million from emerging-market stock funds for the week ended Tuesday, this is in addition to the $2 billion removed the week before. Bloomberg, citing data from Emerging Fund Portfolio Research Inc., reports that the beneficiaries of the shift to safer assets are money-market accounts and large-company U.S. equities.  

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