Malaysia ETF Draws Most Cash Since 2011 Even as Turkey Roils EM
- Investors pour in $106 million to EWM last week, bucking trend
- Malaysian equities gain, currency outperforms emerging markets
This article is for subscribers only.
Looking for contagion from Turkey’s economic crisis? You won’t find it in Malaysia.
The Southeast Asian nation’s stock market surged into overbought territory last week and the sole U.S.-listed exchange-traded fund tracking the measure attracted the most cash since 2011. The rally came as investors in developing-nation assets fretted over whether Turkey’s plunging currency would spark a selloff in other countries.