Institutional investors hold their nerve despite emerging markets sell-off

In the face of multi-billion-dollar outflows from emerging markets-based exchange-traded funds, structured product providers say this is merely the departure of 'hot money' rather than a new trend. Jonathan López reports

Despite recent headlines announcing the demise of the emerging markets success story, the effect on structured products has been marginal. Apart from shorter maturities in the face of market uncertainty, few changes have been seen in how products are structured.

"More than outflows in structured products based on emerging markets, what we have seen in recent months is increasing worries from investors about the fate of those markets," says Manuel Meza, Mexico City-based managing director, global