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