GEM Funds Witnessed Second Weekly Outflow: UBS

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 billion last week, aggregate GEM funds’ outflows were far lighter than the near-record $9.27 billion outflow a week earlier. Delving deep into…