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BlackRock Emerging Markets ETF Sees Most Withdrawals Since 2016: (EEM)
FYI: The recent rout in emerging market stocks is taking its toll on one of the largest exchange-traded funds tracking the sector, as investors have yanked $870 million from the ETF this week, the most since November 2016.
The iShares MSCI Emerging Markets ETF, known by its ticker EEM, had an outflow of $553 million on Tuesday, the most for a single day in well over a year, according to Bloomberg data. On Wednesday, investors pulled another $316 million from the fund, which is operated by BlackRock Inc. and is the most heavily traded emerging markets ETF. Regards, Ted https://www.bloomberg.com/news/articles/2018-05-03/blackrock-emerging-markets-etf-sees-most-withdrawals-since-2016
