Last week fund flows out of emerging markets reached -$6.5Bn for the second straight week, and now we have seen a record 15 straight weeks of outflows from EM.  

Emerging_Markets_MapAccording to data released from EFPR, the move out of EM is -0.85% of total AUM.  By our calculations that means that over 6% of total AUM from EM has left in the last 3 months.  

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That is extraordinary.  

YTD outflows from EM equity funds is      -$18.9Bn, which is more than all of 2013.  Of the 6.5Bn out, over 75% was in diversified GEM funds as opposed to country specific.  

Redemptions from ETFs was -$3.4Bn.

Think EM is oversold?    

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