Published on 25 Jan 2023 on Fox Business via Yahoo Finance
This ETF is leading inflows for 2023
After receiving more capital inflows in January than all of 2022, the iShares Core MSCI Emerging Markets ETF (IEMG) is solidifying its position on Wall Street with $72.5 billion in managed assets and $4.1 billion in cash inflows year-to-date.
Exchange-traded funds operate much like mutual funds. They are constructed to track a certain financial asset. In this case IEMG seeks to track the investment results of an index composed of large-, mid- and small-capitalization emerging market equities.
IEMG is up roughly 9.5% year-to-date, outperforming the Nasdaq, S&P 500, and the Dow Jones Industrial Average.