Emerging Market ETF Outflows Hit $1.12 Bln, Most in Over a Year
Emerging Market ETF Outflows Hit $1.12 Bln, Most in Over a Year
(Bloomberg) -- Investors withdrew money from exchange-traded funds that buy emerging market stocks and bonds last week. This was the third straight week of outflows.
Outflows from U.S.-listed emerging market ETFs that invest across developing nations as well as those that target specific countries totaled $1.12 billion in the week ended Oct. 8, compared with losses of $260.6 million in the previous week, according to data compiled by Bloomberg. This was the biggest weekly outflow in over a year. So far this year, inflows have totalled $37.2 billion.
- Stock ETFs contracted by $520.2 million.
- Bond funds fell by $596.1 million.
- Total assets rose to $345.1 billion from $343 billion.
- The MSCI Emerging Markets Index closed up 0.8 percent from the previous week at 1,257.04 points.
- Taiwan had the biggest outflow, of $235.9 million, following withdrawals from iShares MSCI Taiwan.
- Mozambique had the biggest inflow, of $6.52, led by Vanguard Emerging Markets Government Bond.
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Following are tables detailing net flows for emerging-market ETFs in US dollars. The data include the holdings-weighted allocations from multi-country funds, as well as country-specific funds(figures in USD millions unless otherwise stated):
Regional Summary
| Region | Flow Week | Flow % Change | Equity Flow | Bond Flow | Total Assets (USD Bln) |
|---|---|---|---|---|---|
| Total EM | -1,116.3 | -328.3% | -520.2 | -596.1 | 345.1 |
| Americas | -257.2 | -2,192.1% | -66.1 | -191.1 | 37.1 |
| Asia Pac | -512.9 | -243.3% | -401.9 | -111.0 | 254.0 |
| EMEA | -346.2 | -180.4% | -52.3 | -294.0 | 54.0 |
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Americas
| Country | Flow Week | Flow % Change | Equity Flow | Bond Flow | Total Assets |
|---|---|---|---|---|---|
| Mexico | -78.0 | -8.3% | -40.1 | -37.9 | 8,256.3 |
| Brazil | -39.4 | -130.8% | -17.5 | -21.9 | 20,015.6 |
| Chile | -32.8 | -459.9% | -13.2 | -19.6 | 2,578.3 |
| Colombia | -21.9 | -255.4% | -0.4 | -21.5 | 1,766.4 |
| Panama | -19.4 | -202.4% | 0.0 | -19.4 | 722.3 |
| Peru | -15.7 | -79.8% | 5.1 | -20.9 | 1,404.0 |
| Uruguay | -13.9 | -254.5% | 0.1 | -14.0 | 719.5 |
| Ecuador | -10.4 | -213.1% | 0.0 | -10.4 | 350.6 |
| Argentina | -10.3 | -202.7% | -0.1 | -10.2 | 599.2 |
| Jamaica | -5.4 | -213.7% | 0.0 | -5.4 | 182.4 |
| Paraguay | -3.9 | -144.6% | 0.0 | -3.9 | 200.6 |
| Costa Rica | -3.8 | -141.9% | 0.0 | -3.8 | 192.2 |
| Trinidad & Tobago | -1.1 | -261.4% | 0.0 | -1.1 | 42.9 |
| Bolivia | -0.8 | -206.2% | 0.0 | -0.8 | 30.7 |
| Venezuela | -0.3 | -220.8% | 0.0 | -0.3 | 9.8 |
| Belize | 0.0 | 100.1% | 0.0 | 0.0 | 0.5 |
Asia Pacific
| Country | Flow Week | Flow % Change | Equity Flow | Bond Flow | Total Assets |
|---|---|---|---|---|---|
| Taiwan | -235.9 | -227.1% | -235.9 | 0.0 | 48,040.2 |
| China/Hong Kong | -73.3 | -39.3% | -61.1 | -12.2 | 116,392.9 |
| South Korea | -43.1 | -3,111.5% | -42.8 | -0.3 | 23,770.7 |
| India | -42.6 | -280.8% | -37.9 | -4.7 | 43,210.4 |
| Indonesia | -39.0 | -246.4% | -7.7 | -31.2 | 5,784.5 |
| Philippines | -28.4 | -59.9% | -6.1 | -22.3 | 2,980.2 |
| Malaysia | -22.3 | -100.3% | -7.9 | -14.4 | 5,471.9 |
| Kazakhstan | -13.1 | -187.7% | 0.0 | -13.1 | 516.5 |
| Sri Lanka | -6.2 | -160.9% | 0.0 | -6.2 | 278.0 |
| Pakistan | -5.2 | -169.8% | 0.0 | -5.2 | 391.0 |
| Thailand | -2.5 | -358.7% | -2.4 | 0.0 | 6,409.4 |
| Vietnam | -1.0 | 20.1% | 0.0 | -1.0 | 710.1 |
| Mongolia | -0.3 | -9.3% | 0.0 | -0.3 | 44.7 |
| Bangladesh | 0.0 | N.A. | 0.0 | 0.0 | 32.5 |
Europe, Middle East & Africa
| Country | Flow Week | Flow % Change | Equity Flow | Bond Flow | Total Assets |
|---|---|---|---|---|---|
| Russia | -48.4 | -10.1% | -25.7 | -22.7 | 12,819.3 |
| Turkey | -30.1 | -65.3% | -2.2 | -27.9 | 2,818.8 |
| Qatar | -27.7 | -326.2% | -0.1 | -27.6 | 2,997.0 |
| Saudi Arabia | -27.4 | -1,233.2% | -1.8 | -25.6 | 10,063.0 |
| South Africa | -25.5 | -1,351.6% | -6.8 | -18.6 | 10,021.5 |
| U.A.E. | -21.3 | -410.5% | -0.2 | -21.1 | 2,869.5 |
| Oman | -20.0 | -197.2% | 0.0 | -20.0 | 784.3 |
| Poland | -19.7 | -243.0% | -14.0 | -5.7 | 1,931.7 |
| Egypt | -18.1 | -204.0% | -0.1 | -18.0 | 969.9 |
| Bahrain | -16.6 | -196.9% | 0.0 | -16.6 | 727.0 |
| Ukraine | -15.5 | -191.0% | 0.0 | -15.5 | 597.8 |
| Nigeria | -12.6 | -192.4% | 0.0 | -12.6 | 575.2 |
| Hungary | -11.3 | -285.7% | -0.4 | -10.9 | 1,274.2 |
| Ghana | -9.0 | -211.3% | 0.0 | -9.0 | 314.5 |
| Romania | -8.3 | -186.6% | -0.1 | -8.2 | 685.9 |
| Kenya | -6.5 | -167.0% | 0.0 | -6.5 | 322.5 |
| Kuwait | -4.8 | -778.3% | -0.1 | -4.7 | 1,731.2 |
| Jordan | -4.6 | -152.7% | 0.0 | -4.6 | 219.9 |
| Croatia | -3.1 | -211.4% | 0.0 | -3.1 | 107.6 |
| Iraq | -2.9 | -213.6% | 0.0 | -2.9 | 97.2 |
| Morocco | -2.6 | -127.7% | 0.0 | -2.6 | 223.5 |
| Senegal | -1.9 | -213.4% | 0.0 | -1.9 | 67.2 |
| Zambia | -1.6 | -211.1% | 0.0 | -1.6 | 55.2 |
| Lebanon | -1.3 | -211.2% | 0.0 | -1.3 | 45.5 |
| Ivory Coast | -1.2 | -206.1% | 0.0 | -1.2 | 47.5 |
| Serbia | -1.0 | -212.4% | 0.0 | -1.0 | 116.9 |
| Gabon | -0.9 | -203.1% | 0.0 | -0.9 | 35.4 |
| Tunisia | -0.8 | -214.1% | 0.0 | -0.8 | 26.2 |
| Mauritius | -0.7 | N.A. | 0.0 | -0.7 | 39.3 |
| Greece | -0.4 | -257.4% | -0.4 | 0.0 | 829.6 |
| Czech Republic | -0.2 | -153.2% | -0.2 | 0.0 | 583.7 |
| Lithuania | 0.0 | N.A. | 0.0 | 0.0 | 1.9 |
| Slovenia | 0.0 | N.A. | 0.0 | 0.0 | 0.4 |
| Mozambique | 0.0 | 100.1% | 0.0 | 0.0 | 1.9 |
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