Deluge of emerging market ETF flow slows last week, shows data

A deluge of fresh investment into exchange-traded funds (ETFs) that buy emerging market (EM) stocks and bonds slowed last week as the developing asset rally showed signs of fatigue.

US-listed ETFs that invest across developing nations as well as those that target specific countries received $462.3 million in the week ended January 22, compared with gains of $3.55 billion in the previous week, according to data compiled by Bloomberg. It was still the twelfth week of inflows totaling $23.1 billion.

The slowdown came as some investors questioned the recent euphoria in risk assets. Bloomberg’s Fear-Greed indicator for the MSCI developing