BlackRock Emerging-Market Exchange-Traded Funds Draw Inflows
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BlackRock Inc. said its Asian and emerging-market exchange-traded funds are luring cash even as investors withdraw from China and Brazil portfolios, underscoring a shift toward greater diversification.
The iShares FTSE/Xinhua China 25 Index Fund has had $1.8 billion of net outflows this year to date, while the iShares MSCI Brazil Index Fund had redemptions of $967 million, Diane Hsiung, an iShares portfolio manager at BlackRock, said in a phone interview from San Francisco. In contrast, the MSCI Asia ex-Japan Index fund drew $880 million and the MSCI Emerging Markets Index fund attracted almost $2 billion.