US equity ETFs shore up declining emerging markets

The iShares S&P 500 ETF saw creation orders worth $142m last week, finishing the clear winner by inflows to an individual product for the second week running. Emerging market equity funds once again suffered massive redemptions. Global redemptions worth $7.2bn are the third largest weekly outflows ever from emerging market ETFs, coming as the impact of inflationary pressures are felt across both developed and emerging economies. Net outflows over the past two weeks add up to $10.2bn, a figure not seen since January 2008. Meanwhile global equity indices fared significantly better, wi...