In anticipation to an end to easy money, investors pulled billions of dollars out of emerging market exchange traded funds. Nevertheless, people shouldn’t dismiss developing economies so readily.

According to EPFR Global, emerging market fund outflows was $5.9 billion last week year-to-date, reports Sarah Krouse for the Wall Street Journal.

In the week ended Aug. 21 alone, investors pulled $1.4 billion out of U.S.-listed emerging market ETFs. Globally, investors yanked $1.7 billion out of emerging market equity funds.

Emerging market ETFs provide liquid exposure to traditionally illiquid markets.

“They [ETFs] magnify the moves on both sides – on the way up and the way down,” Slim Feriani, CEO of emerging and frontier market fund management firm Advance Emerging Capital, said in the article.

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