Emerging Market Dollar Bond ETF Draws Biggest Haul Since 2023

Investors are gravitating to dollar bonds to ride the rally in emerging-markets, and have poured the most money in two years into a fund tracking the asset class.

BlackRock Inc.’s iShares JPMorgan USD EM Bond ETF, the largest US exchange-traded fund for EM sovereign and corporate dollar bonds, as pulled in $2.1 billion in the past five weeks, the most since December 2023, according to data compiled by Bloomberg. The $16.7 billion fund has soared some 8% this year, the best annual performance since 2019.