Investors exit US ETFs that track EMs

New York

TRADERS dumped exchange-traded funds (ETFs) tracking emerging market (EM) stocks at the fastest pace in over a year last quarter amid concerns over the slowdown in China, a selloff in commodities and the prospect of higher interest rates in the US.

Investors pulled US$6.1 billion from US-traded ETFs that offer exposure to a basket of developing-nation equities in the three months through September, the most since the first quarter of 2014, according to data compiled by Bloomberg.