The Turkish lira and Indian rupee hit record lows against the dollar last month, while the Brazilian real and Indonesian rupiah both hit four-year lows, according to the Journal. Despite the spotlight shining on a plethora of slumping emerging markets currencies, dollar-denominated developing bond ETFs have not been immune to outflows.
PowerShares Emerging Markets Sovereign Debt ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of EMB.