Emerging market ETFs recover, led by India, China inflows

US exchange-traded funds that invest in emerging markets rebounded from the biggest outflows since December in the week ended March 20, led by India and China. Deposits into emerging-market ETFs that invest across developing nations as well as those that target specific countries, totalled $522.4 million, compared with withdrawals of $2.1 billion in the previous week, according to data compiled by Bloomberg. Stock funds collected $498.7 million and bond funds advanced by $23.7 million. The MSCI Emerging Markets Index advanced 3.2 per cent in the week. The biggest change was in India, where funds collected $314.5 million, compared with $53.5 million of redemptions the previous week. Investors contributed $314.5 million to stock funds while bond funds remained unchanged. The S&P BSE Sensex declined 0.9 per cent. The rupee strengthened 0.80 per cent against the dollar. (LEADING THE PACK)