Funds entering exchange traded funds (ETFs) in the US which track equities in emerging markets were revealed to have gone through a steep decline during the week that ended on September 5th.
According Bloomberg compiled data, total inflows into ETFs which have investments in a variety of developing economies and those that monitor a specific country declined by 72% to $363.1 million from the $1.3 billion in investments from the week before. The MSCI Emerging Markets Index climbed over five trading days by 0.8% during that time while markets in the US were closed on September 1st due to Labor Day, a national holiday.
Funds focused on Hong Kong and China received only $57.8 million in new money compared to $283.7 million in the previous week. The yuan gained against the US dollar by 0.04% with a three month implied volatility of 1.81% while the country’s benchmark Shanghai Composite Index climbed up by 4.9%.
Inflow towards India ETFs decreased from $201.4 million to $21.7 million with the SP BSE Sensex adding on 1.5% to its value while the rupee grew 0.18% higher against the dollar with a three month implied volatility of 6.62%.
New money coming in for ETFs monitoring Brazil dropped to $165.7 million from the earlier week’s $224.3 million with its Ibovespa Index declining by 1% and the real depreciating against the dollar by 0.19%.
Peru was one of the few exceptions to the sector wide decline with ETF inflows growing by more than 1,118% from $2 million in the previous period to $20.8 million. The country’s IGBVL Index advanced by 1.3% over that time while its sol currency fell 0.19% against the dollar at a 4.73% implied volatility over three months.
The material has been provided by InstaForex Company – www.instaforex.com
Funds entering exchange traded funds (ETFs) in the US which track equities in emerging markets were revealed to have gone through a steep decline during the week that ended on September 5th.
According Bloomberg compiled data, total inflows into ETFs which have investments in a variety of developing economies and those that monitor a specific country declined by 72% to $363.1 million from the $1.3 billion in investments from the week before. The MSCI Emerging Markets Index climbed over five trading days by 0.8% during that time while markets in the US were closed on September 1st due to Labor Day, a national holiday.
Funds focused on Hong Kong and China received only $57.8 million in new money compared to $283.7 million in the previous week. The yuan gained against the US dollar by 0.04% with a three month implied volatility of 1.81% while the country’s benchmark Shanghai Composite Index climbed up by 4.9%.
Inflow towards India ETFs decreased from $201.4 million to $21.7 million with the SP BSE Sensex adding on 1.5% to its value while the rupee grew 0.18% higher against the dollar with a three month implied volatility of 6.62%.
New money coming in for ETFs monitoring Brazil dropped to $165.7 million from the earlier week’s $224.3 million with its Ibovespa Index declining by 1% and the real depreciating against the dollar by 0.19%.
Peru was one of the few exceptions to the sector wide decline with ETF inflows growing by more than 1,118% from $2 million in the previous period to $20.8 million. The country’s IGBVL Index advanced by 1.3% over that time while its sol currency fell 0.19% against the dollar at a 4.73% implied volatility over three months.
The material has been provided by InstaForex Company – www.instaforex.com
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