Delta variant spread weakens flows to emerging-market funds, shows data

Investors withdrew the most money from Brazil, notably the $1.6 billion iShares Latin America 40 ETF, known as ILF

Inflows to emerging-market exchange-traded funds (ETFs) slowed last week as the spread of the delta variant and prospects for faster monetary policy tightening dragged on demand for risky assets.

Investors added $190.3 million to US-listed emerging market ETFs that invest across developing nations as well as those that target specific countries in the week ended August 6, compared with gains of $400.2 million in the previous week, according to data compiled by Bloomberg.

It was the smallest addition since funds lost money four weeks ago, in a year that has seen inflows totaling $34.8 billion. Debt funds added $175.7 million