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Emerging market exchange-traded funds suffer outflows led by China

Meanwhile, Indian markets got inflows of $12.6 million, most of it going into the equity market

Bloomberg 

Domestic retail investors take 30% hit as equity markets decline

Investors withdrew money from exchange-traded (ETFs) that buy emerging (EM) stocks and bonds last week.

Outflows from US-listed emerging ETFs that invest across developing nations as well as those that target specific countries totalled $12.3 million in the week ended May 3, compared with gains of $57.6 million in the previous week, according to data compiled by Bloomberg.

So far this year, inflows have totalled $19 billion.

The total assets under management (AUM) for US-listed EM-focused ETFs stood at $285.5 billion. Within EM, China and Hong Kong saw the highest outflows.

Meanwhile, Indian got inflows of $12.6 million, most of it going into the equity

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First Published: Mon, May 06 2019. 23:28 IST
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