Emerging markets stock ETFs have most 5-day inflows in 5 years
Emerging markets equity ETFs had inflows of $3.5 billion, or 1.9% of assets, during the five trading days ended Feb. 5, the biggest five-day inflow since April 2014, according to TrimTabs Investment Research, helped by the Federal Reserve’s shift to a dovish stance. The funds have not had a daily outflow since late December, TrimTabs said. IShares MSCI Emerging Markets ETF EEM, +0.88% rose 0.9% in premarket trade. It has rallied 7.6% year to date, while the S&P 500 SPX, +0.94% has gained 8.1%. Emerging market bond ETFs had inflows of $900 million, or 3% of assets, in the five trading days ended Feb. 8, the biggest five-day inflow on record. "Demand for emerging markets assets has exploded as the Fed has turned dovish," said David Santschi, director of liquidity research at TrimTabs.
Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
Source: Read Full Article