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. 
Edited by:
Casey Quinlan
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE