ETFs tracking Fundamentally Weighted Emerging Markets Indices posted a daily performance of +0.90% on Friday. Fundamentally weighted index are built with components chosen on fundamental criteria as opposed to market capitalization. The segment is in positive territory for the first time since one year. The segment suffered from notable daily outflows (€-163.65M), with investors locking-in their profit.
Flows from the primary market are nevertheless expected with the FED unlikely to raise rates this year, weakening the dollar. The segment includes 14 funds tracking 10 Indices for a total of €8.1Bn.