Emerging-Market ETF Flows on Brink of Turning Negative for Year
- Investors withdrew $972.3 million in seventh week of outflows
- Current sell-off has drained $12.3 billion from EM ETFs
Photographer: Qilai Shen/Bloomberg
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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.