Mixed Fortunes for US-Listed Emerging Market ETFs as Second Straight Week of Inflows Lifts Brazil to the Top

Deep News10-20

US-listed emerging market exchange-traded funds (ETFs) investing in both stocks and bonds drew fresh money for a second consecutive week, with Brazil standing out as the biggest beneficiary.

According to data, US-listed emerging market ETFs focused on developing countries and individual markets attracted a combined US$3.21 billion in the week ended October 16, surpassing the US$2.95 billion recorded in the previous week. So far this year, net inflows have reached US$61.4 billion.

Brazil posted the largest inflow, reaching US$1.27 billion, driven by the iShares MSCI Brazil fund under iShares Inc.

Across the emerging market ETF universe as a whole, equity ETFs pulled in US$3.37 billion, while bond ETFs saw outflows of US$164.4 million, and total assets slipped from US$567.6 billion to US$544 billion.

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