Emerging Market ETFs Rise for 2nd Week in $1.22 Bln Streak
Emerging Market ETFs Rise for 2nd Week in $1.22 Bln Streak
(Bloomberg) -- Investors added money to exchange-traded funds that buy emerging market stocks and bonds last week. This was the second straight week of inflows.
Inflows to U.S.-listed emerging market ETFs that invest across developing nations as well as those that target specific countries totaled $930.4 million in the week ended Dec. 10, compared with gains of $285.7 million in the previous week, according to data compiled by Bloomberg. So far this year, inflows have totalled $41.1 billion.
- Stock ETFs expanded by $685.9 million.
- Bond funds rose by $244.5 million.
- Total assets rose to $341.7 billion from $333.7 billion.
- The MSCI Emerging Markets Index closed up 1.1 percent from the previous week at 1,238.54 points.
- China/Hong Kong had the biggest inflow, of $335.6 million, led by DWS Xtrackers' Xtrackers Harvest CSI 300 China A-Shares.
- South Korea had the biggest outflow, of $23 million, following withdrawals from iShares MSCI South Korea.
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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. Latest and historic flows are allocated using latest fund weightings (figures in USD millions unless otherwise stated):
Regional Summary
| Region | Flow Week | Flow % Change | Equity Flow | Bond Flow | Total Assets (USD Bln) |
|---|---|---|---|---|---|
| Total EM | 930.4 | 225.7% | 685.9 | 244.5 | 341.7 |
| Americas | 357.0 | 32.5% | 277.7 | 79.4 | 35.6 |
| Asia Pac | 410.3 | 303.0% | 364.3 | 46.0 | 252.9 |
| EMEA | 163.1 | -25.3% | 44.0 | 119.1 | 53.3 |
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Americas
| Country | Flow Week | Flow % Change | Equity Flow | Bond Flow | Total Assets |
|---|---|---|---|---|---|
| Brazil | 286.1 | 130.6% | 275.8 | 10.4 | 18,760.6 |
| Chile | 19.5 | 433.2% | 11.4 | 8.0 | 2,630.3 |
| Mexico | 14.4 | -80.1% | -3.1 | 17.5 | 8,055.6 |
| Colombia | 9.2 | -9.0% | -0.3 | 9.4 | 1,767.5 |
| Panama | 7.2 | -39.4% | 0.0 | 7.2 | 768.6 |
| Uruguay | 5.2 | -40.8% | 0.0 | 5.2 | 582.1 |
| Ecuador | 4.2 | -32.7% | 0.0 | 4.2 | 361.5 |
| Argentina | 3.3 | -47.6% | -0.8 | 4.1 | 494.7 |
| Peru | 2.5 | -90.6% | -5.3 | 7.8 | 1,471.9 |
| Jamaica | 2.2 | -34.8% | 0.0 | 2.2 | 189.0 |
| Paraguay | 1.4 | -40.2% | 0.0 | 1.4 | 207.0 |
| Costa Rica | 1.3 | -41.9% | 0.0 | 1.3 | 198.8 |
| Bolivia | 0.3 | -35.4% | 0.0 | 0.3 | 29.7 |
| Trinidad & Tobago | 0.3 | -58.8% | 0.0 | 0.3 | 42.6 |
| Venezuela | 0.1 | -38.0% | 0.0 | 0.1 | 7.4 |
| Belize | 0.0 | -49.5% | 0.0 | 0.0 | 0.7 |
Asia Pacific
| Country | Flow Week | Flow % Change | Equity Flow | Bond Flow | Total Assets |
|---|---|---|---|---|---|
| China/Hong Kong | 335.6 | 510.2% | 329.6 | 6.0 | 114,484.8 |
| India | 36.5 | 415.3% | 35.1 | 1.4 | 42,725.9 |
| Indonesia | 19.1 | -1.4% | 5.8 | 13.3 | 6,065.3 |
| Philippines | 11.8 | -56.5% | 2.7 | 9.1 | 3,139.1 |
| Malaysia | 11.5 | 228.7% | 5.9 | 5.6 | 5,305.8 |
| Taiwan | 11.4 | -49.2% | 11.4 | 0.0 | 49,103.4 |
| Thailand | 8.9 | 452.5% | 8.3 | 0.6 | 6,261.7 |
| Kazakhstan | 4.3 | -41.3% | -0.1 | 4.4 | 538.7 |
| Pakistan | 2.1 | -39.7% | 0.2 | 2.0 | 355.9 |
| Sri Lanka | 2.1 | -35.1% | 0.0 | 2.1 | 249.6 |
| Mongolia | 0.1 | -77.0% | 0.0 | 0.1 | 45.0 |
| Bangladesh | 0.0 | N.A. | 0.0 | 0.0 | 27.7 |
| Vietnam | -10.1 | -1,675.8% | -10.5 | 0.4 | 760.2 |
| South Korea | -23.0 | 87.3% | -24.2 | 1.2 | 23,788.2 |
Europe, Middle East & Africa
| Country | Flow Week | Flow % Change | Equity Flow | Bond Flow | Total Assets |
|---|---|---|---|---|---|
| Turkey | 23.9 | -43.1% | 11.1 | 12.7 | 2,775.8 |
| Saudi Arabia | 20.1 | -48.5% | 8.5 | 11.6 | 9,713.2 |
| Russia | 18.8 | 442.6% | 10.1 | 8.6 | 11,977.0 |
| South Africa | 16.1 | 297.9% | 9.1 | 7.0 | 9,641.9 |
| U.A.E. | 15.3 | -31.7% | 4.6 | 10.6 | 3,618.1 |
| Qatar | 13.4 | -58.5% | 2.1 | 11.4 | 3,123.1 |
| Oman | 8.3 | -34.8% | 0.0 | 8.3 | 823.3 |
| Egypt | 7.8 | -32.8% | 0.4 | 7.4 | 1,025.9 |
| Bahrain | 7.1 | -36.7% | 0.2 | 6.9 | 801.7 |
| Ukraine | 5.6 | -36.9% | 0.0 | 5.6 | 579.4 |
| Nigeria | 4.8 | -32.3% | 0.0 | 4.8 | 584.6 |
| Hungary | 4.5 | -38.6% | 0.7 | 3.8 | 1,236.2 |
| Ghana | 3.5 | -33.7% | 0.0 | 3.5 | 306.5 |
| Kuwait | 3.3 | -39.3% | 1.6 | 1.6 | 1,716.8 |
| Romania | 3.0 | -40.3% | 0.2 | 2.8 | 695.4 |
| Kenya | 2.4 | -32.7% | 0.0 | 2.4 | 315.7 |
| Jordan | 1.6 | -36.6% | 0.0 | 1.6 | 220.8 |
| Iraq | 1.1 | -34.6% | 0.0 | 1.1 | 97.5 |
| Croatia | 1.1 | -40.2% | 0.0 | 1.1 | 104.7 |
| Morocco | 0.9 | -21.7% | 0.0 | 0.9 | 215.8 |
| Senegal | 0.8 | -33.9% | 0.0 | 0.8 | 68.5 |
| Greece | 0.7 | 120.4% | 0.7 | 0.0 | 807.5 |
| Czech Republic | 0.7 | 66.5% | 0.7 | 0.0 | 585.5 |
| Zambia | 0.6 | -32.6% | 0.0 | 0.6 | 54.8 |
| Ivory Coast | 0.5 | -35.8% | 0.0 | 0.5 | 48.4 |
| Serbia | 0.4 | -34.4% | 0.0 | 0.4 | 120.2 |
| Gabon | 0.4 | -38.6% | 0.0 | 0.4 | 35.9 |
| Lebanon | 0.4 | -35.3% | 0.0 | 0.4 | 33.9 |
| Tunisia | 0.3 | -34.5% | 0.0 | 0.3 | 23.9 |
| Mozambique | 0.0 | -49.5% | 0.0 | 0.0 | 2.0 |
| Lithuania | 0.0 | N.A. | 0.0 | 0.0 | 2.5 |
| Slovenia | 0.0 | N.A. | 0.0 | 0.0 | 0.5 |
| Mauritius | -0.3 | -607.8% | 0.0 | -0.3 | 43.0 |
| Poland | -4.2 | -834.9% | -6.1 | 1.9 | 1,875.9 |
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