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A striking reversal, Vanguard's Emerging Markets ETF (VWO) suffered $700M in outflows last week...

A striking reversal, Vanguard's Emerging Markets ETF (VWO) suffered $700M in outflows last week in the wake of its plan to switch benchmarks from MSCI to FTSE. The iShares competitor (EEM) - remaining with MSCI - pulled in $850M. Prior to this, the vast majority of emerging market ETF flows this year had gone into VWO (far lower fees). Institutional investors are clearly skittish about the new benchmark.
Comments (1)
  • WOULD VERY MUCH LIKE TO SEE A DISCUSSION OF WHY THE CHANGE, AND MORE IMPORTANTLY, WHAT IT MIGHT MEAN TO INVESTORS. THANKS
    15 Nov 2012, 05:43 PM Reply Like
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