Richard Titherington: Bloomberg

Bloomberg: U.S.-based ETFs focused on emerging-market equities and bonds attracted a net $3.1 billion this month through yesterday, heading for their biggest monthly inflow since September, according to data compiled by Bloomberg. Funds investing in global technology companies lost $1.3 billion over the past five days, the most among 12 industries tracked by Bloomberg, according to Business Week. You started to see money coming back to emerging markets, Richard Titherington, chief investment officer at JPMorgan Asset Management, which oversees $1.5 trillion, told Mark Barton on Bloomberg Televisions Countdown today. People recognize emerging-market equities are cheap. You are seeing people rotating into sectors that have underperformed. People are looking for the next opportunity, not the opportunity from the last year. Istanbul Rally Investors are piling into emerging-market exchange-traded funds at the fastest pace in seven months as they dump technology companies in favor of cheaper stocks. Investors are swapping last years winners for losers as their valuation shifts. The Emerging Markets Index rose to a four-month high today after its valuation relative to developed-nation peers declined to an eight-year low last month. The Dow Jones Internet Composite Index has slumped 13 percent from a 14-year high set in March on concern that earnings growth in companies such as Twitter Inc. and Facebook Inc. wont justify their share prices. (news.financializer.com). As reported in the news.