Friday 25 July 2014

Emerging ETFs Turn Positive for 2014 as Outflows Reversed - Bloomberg

Emerging ETFs Turn Positive for 2014 as Outflows Reversed - Bloomberg:



"Emerging-market exchange-traded funds are officially back in favor.



Flows into the funds turned positive for the year yesterday, by $109 million, reversing investor flight that had drained as much as $13.9 billion in the first 2 1/2 months of the year amid financial crises in Ukraine, Argentina and Turkey.



Now, money managers are being lured back into developing-nation ETFs by optimism that new leaders in India, Indonesia and potentially Brazil will take measures to bolster flagging economic growth. BlackRock Inc. has attracted about $2 billion into its developing-nation products this year, the most among fund providers."



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