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The Herd in Action..Here's the Data

As I discussed here the herd in action running out of energing markets. And where were the inflows ? energy related etfs. Performance chasing herd in action. From index universe

Emerging Markets Exodus

The world’s two biggest emerging markets funds were at the top of’s “Biggest Losers” list above, a reflection of uneasiness with developing-market investment that has been minimal in recent years.

The iShares MSCI Emerging Markets Index Fund (NYSEArca: EEM) bled $2.38 billion in assets, while the Vanguard Emerging Markets ETF (NYSEArca: VWO) suffered outflows of $1.41 billion.

VWO surpassed EEM as the world’s biggest emerging markets fund on Jan. 18, and the funds ended the month of February with assets of $43.02 billion and $36.65 billion, respectively.

SSgA’s SPDR S&P Emerging Markets Small Cap (NYSEArca: EWX) also got caught in the downdraft, suffering outflows of $486.3 million, or more than 40 percent of its assets.