ETFs Drop 3.2 Percent Amid US, EM Equity Worries

ETFs had a rare drop in value as investors moved away from emerging market and US equities in general, losing 3.2% in total ETF/ETP (exchange traded funds/products) assets, dropping to $3.2 trillion, according to a ETFGI report on Thomson Reuters. “Concerns about economic uncertainty and unrest in emerging markets, a fear that US stocks are over bought, as well as uncertainty over the impact of Fed tapering caused investors to take net outflows of US$7.6 billion from ETFs/ETPs in January 2014,” says ETFGI managing partner Deborah Fuhr. ETF flows match other fund flows trends Equity ETFs had $11.8 billion in…