Market risk appetite boosted by a stronger global economic outlookInvestors poured more than $1 billion into (ETF), an emerging market exchange-traded fund last week, the most since early April.
According to compiled data, US-listed developing country ETF and country-specific ETF received inflows of $1.03 billion in the week to May 21, more than doubling from the previous week. This is the 29th consecutive week of inflows into such funds, with a total inflow of $43.2 billion, of which $26.2 billion this year.
The largest inflow was $7.3 billion iShares Armstrong Environmental and Social Governance Awareness MSCI emerging Markets ETF, the fund invested in stocks with positive environmental, social and governance characteristics, and inflows of $138 million last week were the largest in four months. The largest developing country stock ETF-- is the $79.6 billion iShares Asustek core MSCI emerging market ETF inflows of $117 million.

The MSCI developing country stock index posted its biggest gain in seven weeks in the week to Friday as the improved global economic outlook and vaccination progress boosted risk appetite and sent the dollar to its lowest level in nearly three years. Equity ETF accounted for most of the inflows, while bond funds also showed inflows.