You are here

Investors exit US ETFs that track EMs

Worries over China slowdown and the prospect of rate hike spark US$6b pullout in third quarter
Saturday, October 3, 2015 - 05:50

STOCK ROUT: Shares in Brazil slid to a six-year low in the third quarter on concern that the country will struggle to recover from the worst recession since the 1930s amid a political stalemate and a corruption investigation.

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

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom