ETF Investors Dumped U.S. Small Caps, Loved Emerging Markets
- IShares Core MSCI Emerging Markets saw most 1st-Qtr inflows
- Most equity outflows seen by iShares Russell 2000 ETF
JPMorgan's Hui Sees More Upside for EM Rally
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So much for America First.
In the first quarter, investors dumped an U.S. exchange-traded fund that holds mid and small-cap U.S. stocks and flooded into another that owns large emerging-market equities.