Vladimir Zakharov
The iShares Core MSCI Emerging Markets ETF (NYSEARCA:IEMG) has reached the top of the investor fund-flow leader board during the early going of 2023. The fund has already amassed more capital inflows in January then it did in all of 2022.
To start 2023, IEMG has taken in $4.10B worth of cash. In all of 2022, the fund accumulated $3.82B. The inflows also pushed IEMG to $72.5B assets under management, solidifying its stronghold among the largest emerging market exchange traded funds.
IEMG offers the investment community a broad range of large-cap, mid-cap, and small-cap emerging market companies across all eleven S&P sectors.
See below a breakdown of where IEMG’s holdings are located.
From a performance vantagepoint, IEMG has shown a year-to-date gain of 9.5%, outpacing the Nasdaq Composite (COMP.IND), S&P 500 (SP500), and the Dow (DJI). Supporting its moves were some of the fund’s largest holdings, which include Taiwan Semiconductor Manufacturing Co Ltd (TSM), Tencent Holdings (OTCPK:TCEHY), Alibaba Group Holding (BABA), Vale (VALE), and JD.com (JD).
In the case of emerging markets, BlackRock outlined in a recent note: “Emerging markets have weathered tightening financial conditions. We now see a relatively good backdrop for EM assets as EM rates peak and China reopens.”
VanEck also stands bullish on EM as they recently said: “We believe that a weaker inflationary impulse combined with the rapid reversal of China’s Zero-Covid policy set up a favorable environment for the outperformance of emerging markets stocks.”
All ETF flow data is per etf.com and etfdb.com.
In other ETF showcase related news, checkout the income ETF that has a 12% dividend yield and nearly $20B assets under management.