MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, June 18, 2013 One Emerging Market ETF Has Avoided the Bloodshed 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. Printed from: MFWire.com/story.asp?s=44383 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |