"Chinese stocks took a record hit as foreign investors yanked $15.5 billion out of emerging market portfolios in August, the largest monthly outflow in a year, as concerns over China's growth permeated across equities in an otherwise strong year for EMs," a Reuters article explained. Rising interest rates to combat stubborn inflation will continue to apply additional downward pressure. Emerging Markets Fund AVES Focuses on Fundamentals This value tilt helps identify opportunities offering short-term growth prospects and long-term sustainability.