Emerging Market ETFs Rise for 2nd Week in $2.24 Bln Streak
Emerging Market ETFs Rise for 2nd Week in $2.24 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 $1.4 billion in the week ended Sept. 3, compared with gains of $840.3 million in the previous week, according to data compiled by Bloomberg. So far this year, inflows have totalled $36.6 billion.
- Stock ETFs expanded by $1.07 billion.
- Bond funds rose by $332.7 million.
- Total assets rose to $359.2 billion from $348.3 billion.
- The MSCI Emerging Markets Index closed up 3.4 percent from the previous week at 1,315.91 points, the highest level since Jul 22, 2021.
- China/Hong Kong had the biggest inflow, of $1.01 billion, led by KraneShares CSI China Internet.
- India had the biggest outflow, of $115.1 million, following withdrawals from iShares MSCI India.
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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 | 1,401.0 | 66.7% | 1,068.3 | 332.7 | 359.2 |
| Americas | 254.9 | 162.7% | 148.6 | 106.3 | 40.4 |
| Asia Pac | 989.6 | -19.1% | 920.4 | 69.2 | 264.3 |
| EMEA | 156.5 | 565.9% | -0.7 | 157.1 | 54.5 |
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Americas
| Country | Flow Week | Flow % Change | Equity Flow | Bond Flow | Total Assets |
|---|---|---|---|---|---|
| Brazil | 167.0 | 149.2% | 153.7 | 13.3 | 22,079.6 |
| Mexico | 16.7 | 125.3% | -5.4 | 22.2 | 8,749.1 |
| Colombia | 13.0 | 3,905.8% | 0.1 | 12.9 | 1,836.9 |
| Chile | 11.9 | 1,458.0% | 1.2 | 10.8 | 2,880.4 |
| Peru | 10.1 | 1,492.8% | -0.9 | 11.0 | 1,432.4 |
| Panama | 9.7 | 4,242.1% | 0.0 | 9.7 | 817.2 |
| Uruguay | 7.5 | 2,968.2% | 0.0 | 7.5 | 810.5 |
| Argentina | 5.6 | 1,463.8% | 0.0 | 5.6 | 673.3 |
| Ecuador | 5.1 | 2,498.2% | 0.0 | 5.1 | 402.6 |
| Jamaica | 2.5 | 2,088.8% | 0.0 | 2.5 | 203.2 |
| Paraguay | 2.4 | 1,422.8% | 0.0 | 2.4 | 222.9 |
| Costa Rica | 2.3 | 1,549.3% | 0.0 | 2.3 | 215.4 |
| Trinidad & Tobago | 0.6 | 1,000.4% | 0.0 | 0.6 | 46.5 |
| Bolivia | 0.4 | 6,838.4% | 0.0 | 0.4 | 33.0 |
| Venezuela | 0.1 | 2,313.5% | 0.0 | 0.1 | 8.1 |
| Belize | 0.0 | 300.9% | 0.0 | 0.0 | 0.6 |
Asia Pacific
| Country | Flow Week | Flow % Change | Equity Flow | Bond Flow | Total Assets |
|---|---|---|---|---|---|
| China/Hong Kong | 1,009.8 | -11.8% | 997.1 | 12.7 | 123,710.9 |
| Taiwan | 49.7 | 22.8% | 49.7 | 0.0 | 49,986.4 |
| Indonesia | 17.2 | 615.1% | -0.5 | 17.7 | 5,566.8 |
| Philippines | 14.6 | 593.1% | 2.2 | 12.4 | 3,098.8 |
| Malaysia | 12.5 | 224.3% | 4.7 | 7.8 | 5,535.5 |
| Kazakhstan | 6.4 | 1,060.0% | 0.0 | 6.4 | 573.9 |
| Vietnam | 4.4 | 176.2% | 3.9 | 0.5 | 719.4 |
| Sri Lanka | 3.6 | 1,293.0% | 0.0 | 3.6 | 324.5 |
| Pakistan | 3.2 | 1,300.5% | 0.3 | 3.0 | 429.4 |
| Mongolia | 0.4 | 1,964.7% | 0.0 | 0.4 | 47.8 |
| Bangladesh | 0.0 | -100.0% | 0.0 | 0.0 | 29.7 |
| South Korea | -8.3 | -132.1% | -9.3 | 0.9 | 26,160.6 |
| Thailand | -8.9 | -247.5% | -10.2 | 1.3 | 6,540.1 |
| India | -115.1 | -61,606.3% | -117.5 | 2.4 | 41,604.6 |
Europe, Middle East & Africa
| Country | Flow Week | Flow % Change | Equity Flow | Bond Flow | Total Assets |
|---|---|---|---|---|---|
| South Africa | 24.2 | 130.0% | 13.6 | 10.6 | 10,611.1 |
| Saudi Arabia | 23.4 | 130.5% | 9.5 | 13.9 | 9,823.8 |
| Turkey | 16.8 | 2,368.3% | 0.0 | 16.9 | 3,007.4 |
| Qatar | 15.9 | 424.5% | 2.0 | 13.8 | 2,996.2 |
| U.A.E. | 12.6 | 378.6% | 1.9 | 10.7 | 2,857.5 |
| Oman | 10.1 | 1,212.4% | 0.0 | 10.1 | 857.9 |
| Egypt | 9.8 | 1,065.8% | 0.3 | 9.5 | 1,064.8 |
| Bahrain | 8.6 | 768.5% | 0.2 | 8.4 | 791.8 |
| Ukraine | 8.0 | 1,804.8% | 0.0 | 8.0 | 674.6 |
| Romania | 5.5 | 8,815.7% | 0.3 | 5.2 | 736.9 |
| Hungary | 5.2 | 2,497.1% | 0.7 | 4.5 | 1,191.4 |
| Nigeria | 4.9 | 542.5% | 0.0 | 4.9 | 506.8 |
| Ghana | 4.7 | 2,401.6% | 0.0 | 4.7 | 375.0 |
| Kuwait | 4.1 | 71.1% | 1.7 | 2.4 | 1,695.1 |
| Poland | 3.6 | 383.4% | -0.2 | 3.8 | 2,046.2 |
| Kenya | 3.6 | 425.7% | 0.0 | 3.6 | 357.8 |
| Jordan | 2.5 | 947.7% | 0.0 | 2.5 | 239.0 |
| Morocco | 1.9 | 142.3% | 0.0 | 1.9 | 236.5 |
| Croatia | 1.4 | 3,495.8% | 0.0 | 1.4 | 116.4 |
| Iraq | 1.3 | 2,104.5% | 0.0 | 1.3 | 105.1 |
| Serbia | 1.3 | 362.3% | 0.0 | 1.3 | 122.5 |
| Czech Republic | 1.2 | 358.9% | 0.2 | 1.0 | 574.9 |
| Senegal | 0.9 | 2,003.1% | 0.0 | 0.9 | 76.7 |
| Zambia | 0.7 | 2,648.2% | 0.0 | 0.7 | 59.2 |
| Ivory Coast | 0.6 | 3,910.7% | 0.0 | 0.6 | 52.3 |
| Gabon | 0.5 | 10,566.6% | 0.0 | 0.5 | 38.7 |
| Lebanon | 0.5 | 6,817.3% | 0.0 | 0.5 | 38.2 |
| Mauritius | 0.5 | 84.5% | 0.0 | 0.5 | 40.3 |
| Tunisia | 0.4 | 1,846.9% | 0.0 | 0.4 | 29.1 |
| Mozambique | 0.0 | 300.9% | 0.0 | 0.0 | 1.9 |
| Lithuania | 0.0 | -100.0% | 0.0 | 0.0 | 2.3 |
| Slovenia | 0.0 | -100.0% | 0.0 | 0.0 | 0.4 |
| Greece | -0.9 | 86.4% | -0.9 | 0.0 | 833.2 |
| Russia | -17.4 | -387.0% | -29.9 | 12.5 | 12,345.3 |
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