“The gradual erosion of sentiment for the EMs, owing to the perception that several EM economies or countries are ‘on the brink,’ simply made the run on reserves in Argentina and the poor China data the ‘straws that broke the camel’s back’,” Thierry Albert Wizman, a strategist at Macquarie Group Ltd., said in the article.
Meanwhile, the Vanguard FTSE Emerging Markets ETF (NYSEArca: VWO) and iShares MSCI Emerging Markets ETF (NYSEArca: EEM) both fell 1.8% Friday. EEM has declined 6.0% year-to-date while VWO is down 5.4% so far this year. [No One Likes Emerging Markets]
WisdomTree Emerging Currency Fund
For more information on the emerging markets, visit our emerging markets category.
Max Chen contributed to this article.