In the past three months, says Michael Hartnett of Merrill Lynch, emerging-market funds have seen an outflow of $26 billion, compared with an inflow of $100 billion in the previous five years.

• 美林公司的迈克尔哈奈特说，在过去3个月里，新型市场的资金流出了260亿美元，而过去5年中，这些市场的资金流入为1000亿美元。