World’s Largest EM Bond Fund Sees Cash Surge on US Soft Landing
- JPMorgan EM Bond ETF sees biggest inflow since January
- Rising bets of Fed pivot fuel appetite across emerging markets
This article is for subscribers only.
Investors are pouring cash into the world’s largest exchange-traded fund tracking emerging-market debt as confidence mounts that the US Federal Reserve is nearing the end of its aggressive monetary tightening campaign.
The iShares JPMorgan USD Emerging Markets Bond ETF recorded its strongest weekly inflow last week since January, gaining $765 million as investors ride the euphoria that’s been pumping money back into risk assets. The fund has seen six weeks of continuous inflows, the longest streak since August 2022, according to data compiled by Bloomberg.