She pointed to R5.6 billion ($643m) in net equity-market outflows on October 8th as evidence of a loss of confidence.
Money market fund outflows have added to the stresses on Eurozone banks, particularly on their ability to fund their dollar loans both here and abroad.
An event, which will expedite emerging markets capital outflows and threatens their asset classes.
In contrast, money market funds had outflows of $19.8 billion.
This could severely undermine global investor confidence in U.S. Treasury bonds and generate major market volatility and outflows from Asia, Mr. Rhee said.
Positive U.S. real yields, dollar appreciation and, more recently, concerns about tightening liquidity conditions in the Chinese money market have driven outflows from emerging market equity funds, and we do not expect this trend to reverse any time soon.
It is possible we are seeing some of the inflows into the market turn into outflows, which would take a little bit of hot air out of the market.
Market definition, inflows, outflows, substitutes and trends.
Studies have shown that, over time, the bulk of fund money has gone into funds at or near the tops of the market, the largest outflows during the troughs.
Ministers privately believe a mixture of their anti-recession measures, labour market flexibility and outflow of immigrants has kept unemployment substantially lower than feared a year ago.
On Tuesday and again at the opening bell in Sao Paulo today, Brazil's stock market followed the outflow in U.S. but it also sold-off on news that the contentious pension reform plan will exempt one of the biggest recipients of public retirement money: state and municipal public servants.
