Emerging stock and emerging bond ETFs posted combined inflows of €16.2bn in August, among the highest for the month, despite continued troubles in Turkey and Argentina threatening to spark wider implications.
According to data from TrackInsight, emerging stocks captured the most flows across all asset classes last month with inflows €16.1bn, while emerging bonds were also in the black with positive flows of €129m. Investors appeared to shrug off ongoing concerns in Argentina and Turkey. The lira has plummeted 40% against the US dollar so far this year amid longer-term concerns about the mis-management of Turkey's over-heating economy and a row between the US over refusal to release an American pastor who has been detained for two years. This refusal led US President Donald Trump to appr...
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