Is the Emerging Markets Sell-Off Over? Fund Sees Biggest Inflow In a Year
- Investors add $169 million to emerging-market bond ETF
- Fund lost almost $2 billion since early April amid dollar pain
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The largest ETF tracking emerging-market local currency bonds pulled in the most cash since June 2017 on Tuesday, in a sign investors may be tip-toeing back to the asset class after a five-month rout.
The $6.1 billion iShares JP Morgan EM Local Government Bond exchange-traded fund received $169 million, after losing about a quarter of total assets since early April.