Emerging Market ETFs Snap 6-Week Losing Streak; Indonesia Leads
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U.S. exchange traded funds that invest in emerging markets snapped a six-week losing streak, led by inflows to Indonesia and Mexico.
Deposits into emerging-market ETFs that invest across developing nations as well as those that target specific countries totaled $242 million in the week ended Feb. 19 compared with withdrawals of $436.3 million in the previous period, according to data compiled by Bloomberg. Even with the gains, the funds declined by $5.49 billion so far this year in the longest stretch of losses since the 11 weeks that ended Sept. 11, the data show.