For the third week in a row, investors withdrew capital from US-listed exchange-traded funds (ETFs) that focus on emerging market equities and bonds, though the pace of these outflows has decelerated.

Data compiled from Bloomberg shows that in the week ending June 5th, emerging market ETFs listed in the US, which invest across multiple developing nations and specific countries, saw total outflows of $460.4 million. This follows outflows of $1.45 billion in the prior week. Year-to-date, total inflows for these funds stand at $40.8 billion.

Breaking down the data by market, Brazil experienced the largest capital outflow, amounting to $303 million.

Conversely, South Korea saw the largest capital inflow, with $85.6 million entering its market-focused funds.