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.

In August alone, a combined $307 million was pulled from the iShares J.P. Morgan USD Emerging Markets Bond ETF (NYSEArca: EMB) and the PowerShares Emerging Markets Sovereign Debt ETF (NYSE: PCY).

PowerShares Emerging Markets Sovereign Debt ETF

ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of EMB.