GEM Funds Witnessed Second Weekly Outflow: UBSMani
Aided by A-share ETFs, aggregate GEM funds saw outflows of $2.15 billion for the week ending June 17th, marking a second straight weekly outflow, notes a report from UBS.
Howard Park and Geoff Dennis of UBS in their June 19, 2015 research report titled: “More Heavy Selling in China Drives GEM Outflows”, point out that outflows continue for both GEM ETFs and LO funds.
A-share ETFs dominate outflows
According to the UBS report, despite reporting outflows of $2.15 . . .
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