The influx arrived just hours before news broke that a US airstrike killed a top Iranian general and ratcheted up tensions between the two countries.
exchange-traded fund on January 2, the biggest one-day inflow for the ETF since 2016, according to Bloomberg data.killed a top Iranian general
and ratcheted up tensions between the two nations. The assassination dragged global stocks lower and boosted safe-haven assets like gold as traders fled market volatility. The ETF, which trades under the ticker EEM, fell as much as 1.8% Friday. The fund surged about 2.1% on Thursday, pushed higher by the record investor interest.
Traders are encouraged that the preliminary deal will remove trade-war hurdles for emerging market stocks. Trump recently announced that the deal would be signed at the White House on January 15 and that he would later travel to Beijing„Confidence is growing,“ Mohit Bajaj, director of ETFs for WallachBeth Capital, told Bloomberg. „We are seeing optimism in China from trade deal anticipation.
„If you also look at times when it feels that trade may be resolved, or trade issues may be improved, you notice how sharply emerging markets rally,“ Rashmi Gupta, a money manager at JPMorgan Chase Bank in New York,
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