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

|About: Vanguard FTSE Emerging M... (VWO)|By:, SA News Editor

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.