Big outflow last week of $-2.2 billion after a week of strong flows $1.9 billion the week before. What I am seeing today and over last few days in ETF land is that investors are allocating to emerging markets away from domestic markets.
Last week, Emerging Market Equity Fund Flows were down for the 4th straight week with the largest outflows seen since the August 2011 bloodbath.
The latest fund flow data is out and emerging market funds have posted a small increase (+$0.02 Billion) for the week ending May 22.
The rich get richer and the poor get poorer. I’m not sure not sure you can expect this to change anytime soon. Fund flows into EM last week broke a three week downtrend with new inflows.