Back
6 Jan 2015
Outflows from Emerging Markets hit a 3-year high of USD 23 billion in 2014
FXStreet (Mumbai) - Investors withdrew their money from the emerging markets throughout 2014, with the pace of withdrawals increasing at the year end.
Global emerging-market funds saw outflows of USD 23 billion, a 2.6% decline in assets under management, for 2014. According to UBS, this is the biggest outflow since 2011. As for the previous two years, Emerging markets saw an outflow of USD 15.9 billion in 2013, while an inflow of USD 50.4 billion in 2012.
The 74% of the total outflow from the Emerging market in 2014 was seen between Nov. 13 to Dec. 31. The crisis in Russia, rout in Crude prices and more importantly, the increased prospects of an early interest rate hike in the US hurt the Emerging markets.
Global emerging-market funds saw outflows of USD 23 billion, a 2.6% decline in assets under management, for 2014. According to UBS, this is the biggest outflow since 2011. As for the previous two years, Emerging markets saw an outflow of USD 15.9 billion in 2013, while an inflow of USD 50.4 billion in 2012.
The 74% of the total outflow from the Emerging market in 2014 was seen between Nov. 13 to Dec. 31. The crisis in Russia, rout in Crude prices and more importantly, the increased prospects of an early interest rate hike in the US hurt the Emerging markets.