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ETF Inflow Streak Reaches $41billion, Advance Decelerates

EMERGING MARKETS
  • Exchange-traded funds that buy emerging market stocks and bonds recorded inflows for a 25th straight week. However, the pace of increase decelerated for the third consecutive week, with Stock ETFs actually contracting.
  • Last week, investors added $81 million to U.S.-listed emerging market ETFs that invest across developing nations as well as those that target specific countries. This was down from last week's $750 million increase, but extends 2021 inflows to $24billion, according to data compiled by Bloomberg.
    • Stock ETFs declined by $69.5 million.
    • Bond funds rose by $150 million.
    • China/Hong Kong had the biggest inflow, of $111.3 million, led by iShares China Large-Cap.
    • India had the biggest outflow, of $168.2 million, following withdrawals from iShares MSCI India. This represented the largest outflow for the country since June 2020.
    • The MSCI Emerging Markets Index closed up 0.3 percent from the previous week at 1,353.02 points, the highest level since Mar 11, 2021.


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