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Thursday, January 30, 2014

Record Cash Leaves Emerging Market ETFs on Lira Drop - Bloomberg

Record Cash Leaves Emerging Market ETFs on Lira Drop
By Lu Wang and Ye Xie Jan 30, 2014 12:02 PM ET

Currency rates at a money exchange brokerage in Istanbul, Turkey.

Investors are pulling money from exchange-traded funds that track emerging markets at the fastest rate on record, as China’s slowing growth and cuts to central-bank stimulus sink currencies from Turkey to Brazil.

More:Record Cash Leaves Emerging Market ETFs on Lira Drop - Bloomberg