It seems unlikely the Fed will taper in December and a case can be made that even March 2014 is not a plausible time to taper because the dovish Yellen will have only been on the job a few weeks at that point. Current Fed Chair Ben Bernanke retires in late January.
Since the start of November, investors have pulled $2.3 billion from the Vanguard FTSE Emerging Markets ETF (NYSEArca: VWO), the largest emerging markets ETF by assets, and $183.3 million from the iShares J.P. Morgan USD Emerging Markets Bond ETF (NYSEArca: EMB), the largest emerging markets bond ETF.
WisdomTree Emerging Currency Fund
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of EMB.