Top Active Emerging-Market ETF Sees Surge in Inflows as US Tariffs Struck Down

The largest actively-managed exchange-traded fund tracking emerging equities saw a surge in inflows after the Supreme Court’s strikedown of President Trump’s global tariffs, highlighting renewed demand for risk assets.

The $20.3 billion Avantis Emerging Markets Equity ETF recorded $429.5 million in new cash on Friday, its largest daily inflow since May 13 and pushing assets to their highest level on record. The surge in flows came on the same day Trump’s sweeping global tariffs were struck down by the Supreme Court, giving yet another tailwind for the region’s equity markets. Trump later announced a new 15% across-the-board levy, which effectively resets the playing field for America’s trade partners, by removing the more punitive tariffs leveled on India, China and Brazil.