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Investors pulled money out of emerging market (EM) exchange-traded funds (ETFs) last week, snapping a four-week streak of inflows as the US election neared and rising coronavirus infections pushed some European authorities to reinstate lockdowns.
US-listed EM ETFs that invest across developing nations, as well as those that target specific countries lost $103 million in the week ended October 30, ending a month long rally that brought $3.09 billion in inflows, according to the Bloomberg data. The year’s outflows now reach $12.8 billion. The withdrawals were concentrated in developing-nation bond funds, which fell by $317.2 million. The $17.2 billion iShares
