In the first ten days of November, $5.5bn was withdrawn from emerging markets mutual funds and ETFs combined, equal to 0.5% of total assets under management. The new figures dash hopes of a revival in fortunes for the region. Outflows had decreased in October after the Fed decided to once again postpone a long-awaited rate hike.
While institutional investors sold off emerging market bonds in a similar pace as in October, they consolidated their equity holdings after a sharp sell-off in October.
