$1.67 billion pours into developing nations in huge winning streak
It has been the longest winning streak for emerging market ETFs since May – with investors pouring an eye-catching $1.67 billion into the area during the last week alone.
Inflows for ETFs that focus on bonds and stocks in emerging markets have increased for four successive weeks, according to a Bloomberg report. This represents the longest successive period of uninterrupted increases since an 11-week surge that ended in May last year.
Gains were not quite at the level of the prior week, however. Inflows during that week totalled $2.31 billion – the highest level since April of 2014. Overall however, this week’s results have helped reduce net outflows for the year down to $1.36 billion.
The focus of the increases was in Hong Kong and China with funds reaching $233.8 million – up from $50.4 million one week earlier. Stock funds leapt by $232.4 million, while bond funds enjoyed an increase of $1.5 million.
At the opposite end of the scale, inflows into Mexico slowed – dropping from $240.5 million to $104.4 million. From this total, $83.5 million came from stock funds with a further $20.9 million from bonds.
Overall, flows into emerging market funds in the first part of March are at their highest levels since 2013.
Inflows for ETFs that focus on bonds and stocks in emerging markets have increased for four successive weeks, according to a Bloomberg report. This represents the longest successive period of uninterrupted increases since an 11-week surge that ended in May last year.
Gains were not quite at the level of the prior week, however. Inflows during that week totalled $2.31 billion – the highest level since April of 2014. Overall however, this week’s results have helped reduce net outflows for the year down to $1.36 billion.
The focus of the increases was in Hong Kong and China with funds reaching $233.8 million – up from $50.4 million one week earlier. Stock funds leapt by $232.4 million, while bond funds enjoyed an increase of $1.5 million.
At the opposite end of the scale, inflows into Mexico slowed – dropping from $240.5 million to $104.4 million. From this total, $83.5 million came from stock funds with a further $20.9 million from bonds.
Overall, flows into emerging market funds in the first part of March are at their highest levels since 2013.
