SINGAPORE (Aug 18): Exchange Traded Funds (ETFs) have helped power the emerging markets (EM) rally this year but their heft and influence is now a cause of concern as the damage could be as severe if the flows reverse.

The bond and stock markets of the developing world have been on a tear this year, but the swelling EM ETF industry is worrying some analysts and investors, who point out that developing markets are much less liquid than in the US or Europe, says the Financial Times.

This year, the FTSE Emerging Index increased more than... (Click here to read the full story.)