Good by Mr. Ben Bernanke Ben Bernanke’s term as Chairman of the Fed comes to a close, and the the Janet Yellen era begins now. Janet Yellen is going to have a Very Tough time. Hope She will do better than all the Goldman Sachs Boys,the FED & Treasury. We welcome Janet.
US economy grew at an annual rate of 3.2 % in the last quarter of 2013. It is a pleasant news But the main question stands here is, we can sustain this growth or not. Investors are pulling money from ETF at the fastest rate on record due to China’s sluggish growth and central-bank cuts. Redemptions got acceleration after contracted Chinese manufacturing data and Argentina’s unexpected devaluation of its peso. Interest rate increased by central banks in Turkey.
Bloomberg data shows that More than $7 billion drifted from ETFs investing in developing-nation assets in January. This figure is the biggest since the securities were created. A lot of speculative money has been moving in the emerging markets. The iShares MSCI Emerging Markets ETF assets shrink by 11 %. Vanguard FTSE Emerging Markets ETF is poised for the biggest monthly redemption since its beginning i.e. 2005.
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