Outflows from emerging market stocks continued last week, growing to $5.9 billion, The Wall Street Journal, MoneyBeat's Sarah Krouse writes. In the week ending August 21, investors in ETFs with emerging markets exposure took out $1.4 billion and emerging market equity funds saw global net inflows of $1.7 billion, Krouse reports.

Krouse interviewed Slim Feriani, CEO of emerging and frontier market fund management firm Advance Emerging Capital. Krouse quoted Feriani as saying "They [ETFs] magnify the moves on both sides--on the way up and the way down."

Krouse writes that Feriani said ETF flows are more pronounced in emerging markets as there is less liquidity than in developed markets.

To read more, click here.  

Edited by: Casey Quinlan


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE