- Money continues to exit emerging market funds, $2.39B last week vs. $3.5B in October's first week. It's the fourth week of outflows in the last five, with ETFs accounting for $1.86B of the total vs. $2B the prior week.
- The UBS team of Howard Park and Geoff Dennis: "The level of emerging market fund flows continues to hold up well given the correction in MSCI GEMs since 9/3 has now reached 11.8%. However, outflow momentum seems now to be building and we suspect there may be more outflows to come until markets stabilize."
- Up 1% today, EEM is down 7% in a month and low lower for 2014.
- ETFs: EEM, VWO, EDC, EDZ, SCHE, IEMG, EEV, ADRE, EUM, EET, GMM, EEME, DBEM, FEM, EMCR, EWEM, HEEM, EMLB, EMSA, EMFT, EMDR, EMHZ