iShares MSCI Emerging Markets (EEM)
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- The Wall Street Journal•4 hours ago
Investors have poured $2.4 billion into emerging markets exchange-traded funds in the past month, but the oldest of the bunch didn’t get a dime.
- Market Realist•6 hours ago
iPhone revenue fell 13% Apple’s (AAPL) iPhone revenue fell 13% YoY (year-over-year) to $28.2 billion in fiscal 4Q16 from $32.2 billion in fiscal 4Q15. iPhone unit shipments also fell, by…
The steady rush of assets out of mutual funds and into ETFs turned into an “avalanche” recently, according to data from the Investment Company Institute. For the week ending Oct. 19, $16.9 billion flowed out of equity mutual funds, the largest amount in five years, as reported by Reuters. Meanwhile, equity ETFs pulled in $2.4 billion. As the inimitable Josh Brown put it: “Dude.”