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Emerging Market ETFs Deliver Bad News for This Hedge Fund

Nasdaq – Not that the funds needed any additional help searching for new downside, but emerging markets ETFs got just that on Wednesday when Federal Reserve Chairman Ben Bernanke and his colleagues noted that downside risks to the US economy and labor market have diminished.

Traders took that to mean that tapering of quantitative easing could be imminent, although the Fed said its $85 billion-per-month in bond purchases will remain in place.

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