Emerging-Market ETF Flows on Brink of Turning Negative for Year - Bloomberg

Emerging-Market ETF Flows on Brink of Turning Negative for Year - Bloomberg:

Emerging-market exchange-traded funds flows are on the brink of turning negative for the year after investors extended a sell-off for a seventh consecutive week. 


Outflows from U.S.-listed ETFs that invest across developing nations as well as those that target specific countries totaled $972.3 million in the week ended Aug. 23, according to data compiled by Bloomberg. The current run of outflows has drained $12.3 billion from the market, compared with a $7.8 billion loss during a six-week sell-off that started in May. This year’s net inflow now stands at a mere $109.9 million.

Outflows continued to be led by stock funds last week, while bond ETFs posted a small inflow. The $24.4 billion iShares MSCI Emerging Markets ETF was the biggest loser among developing-nation equity funds, dropping $556 million in the fifth straight week of outflows. The $52 billion iShares Core MSCI Emerging Markets ETF, meanwhile, was unchanged after four weeks of withdrawals.