Some international and global mutual funds have put more faith in emerging markets than their investors might have realized -- to the tune of 25 to 40 percent, the Wall Street Journal
has reported. Meanwhile, American Funds
and T. Rowe Price
are among those to sell off emerging market shares of late.
Predictably, recent market tremors worldwide have taken a particular toll on these relatively high risk funds: the week ending May 24 saw the biggest outflows of the past two years, according to Reuters
Stay ahead of the news ... Sign up for our email alerts now