Since the beginning of May, the iShares J.P.Morgan[profile] USD Emerging Markets Bond Fund
, the PowerShares Emerging Markets Sovereign Debt Portfolio
and Market Vectors[profile] Emerging Markets Local Currency Bond
ETF have lost over $1 billion in assets combined, according to index Universe.
That's a pretty bleak picture for emerging market ETFs. One Emerging Market ETF has managed to take the vaccine against the outflow virus, however, Fox Business
reports: iShares[profile] Emerging Markets High Yield Bond Fund
The ETF has seen inflows of nearly $5.5 million since early May. It rallied last year on expectations that Turkey and the Philippines would get investment-grade credit ratings, which has come to pass for both countries. It isn't clear skies for the ETF yet--The market is focused on anti-government protests in Turkey and a falling Philippine peso. Until the bad news sets in, however, the ETF is doing better than its counterparts.
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