Emerging-Market ETF Declines on IMF Amid Ukraine Unrest - Bloomberg:
"The iShares MSCI Emerging Markets Index fell for a second day as the International Monetary Fund said risks of turmoil in developing nations threaten the global economy. Ukraine’s bonds plunged the most on record.
The exchange-traded fund dropped 0.7 percent to $39.02 at 4 p.m. in New York, while the MSCI Emerging Markets Index rose less than 0.1 percent to 959.09. Ukrainian bonds tumbled after as Poland warned its neighbor is on the brink of a civil war. Thailand’s baht capped the biggest two-day slide in two months after clashes between anti-government protesters and police in Bangkok killed four people and wounded at least 66. Russia’s dollar-denominated RTS Index drove losses in world stocks.
In a note prepared for central bankers and finance ministers from the Group of 20, the IMF said the recovery is still weak and “significant” risks remain. Capital outflows, higher interest rates, and sharp currency depreciation in emerging economies are a key concern, it said. Ukraine’s stocks and currency also sank after clashes in Kiev killed at least 25 people in the bloodiest episode of a three-month standoff."
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