This site is part of the Informa Connect Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

IGM | Informa Global Markets
IGM on LinkedIn
Start free trial today
Menu
Free trial

EM FLOW FUNDAMENTALS - EM ETF fund flows turn negative

  • Bloomberg ETF fund flows data for the week ending Friday 14th March paints a negative picture for Emerging Market sentiment.
  • EM Equity ETFs have slipped back into the negative territory this week, tallying up a net outflow score of USD816mn, down from last week’s massive inflow of USD4.414bn.
  • Meanwhile, EM Fixed Income ETFs have dropped back into the red, tallying up a net outflow of USD816mn, down from last week’s USD270mn net inflow tally.
  • A rollercoaster week for the MSCI EM Currency Index, which did pull itself up from as low as 1749.24 at the start of the week.
  • Looking ahead, there is a noticeable rise in interest rate announcements across CEEMEA and LatAm. On Wednesday, the BCB is expected to hike rates by 100bps to 14.25%. The day after, the SARB are expected to hold at 7.50%. Friday will likely see the CBR and BCCh leave borrowing costs unchanged at 21% and 5%, respectively. Additionally, we will receive South Africa CPI, Polish core CPI and Chile Q4 GDP to digest.
  • Elsewhere, attentions will be on the rate decisions from the FOMC and the BoE (Thursday). The latter is expected to hold at 4.50%. Sweden is seen holding at 2.250% also.