Investors withdrew funds from US-listed exchange-traded funds (ETFs) focused on emerging market equities and bonds for the fourth consecutive week, with the pace of outflows accelerating notably. South Korea attracted the largest volume of inflows.

Data shows that for the week ending June 12th, the total outflow from US-listed emerging market ETFs, which invest across multiple developing countries and specific nations, reached $1.64 billion. This compares to an outflow of $466.8 million the previous week. Year-to-date, total inflows stand at $39.2 billion.

South Korea recorded the largest weekly inflow for the second week in a row, at $106.3 million. This was primarily driven by the iShares MSCI Emerging Markets ex China ETF from iShares Inc., and the inflow was greater than the $85.6 million seen the prior week.