China-Based Fund Is The Biggest Loser Among Country-Focused ETFs While Brazil And Japan Attract Inflows

Wednesday, July 06, 2011 07:38
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China-Based Fund Is The Biggest Loser Among Country-Focused ETFs While Brazil And Japan Attract Inflows

Tags: China | emerging markets | ETFs

Investors have pulled a net $961.2 million from the iShares FTSE China 25 Index Fund (FXI) so far this year, the biggest outflow among 140 single-country ETFs that trade on U.S. markets.

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But the tide may be turning for the iShares FTSE China ETF, which is the biggest Chinese ETF in the United States. The outflows are occurring amid the index's lowest valuations since 2008, prompting some Asian brokerage firms to start buying. The data was compiled by research firm XTF Inc. and reported by Bloomberg.


Many U.S. money managers have turned their attention to Brazil, sending $1.43 billion to the iShares MSCI Brazil Index Fund (EWZ).


But the single-country ETF that captured the largest inflows in the first half is the iShares MSCI Japan Index Fund (EWJ), which drew in $2.63 billion.
 

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