Investors have yanked cash from emerging market ETFs ahead of central bank decisions, although the region has seen a little relief around the Trump-Kim summit.
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The largest bank ETF has seen inflows of more than $1.5 billion in recent weeks despite concerns around monetary policy and regulatory reform from Capitol Hill.
Bond ETFs have been attracting strong inflows over recent weeks, despite high expectations of another rate hike by the US Federal Reserve at this month’s meeting. The growth in smart-beta fixed income offering and a better understanding of the products is drawing investors to passive bond exposure.