EM Weekly Fund Flows Monitor: Strong FII inflows in Taiwan, Southbound flows in a short trading week; HFs sold Asia in September, led by Korea AI exposure; MFs added Taiwan/India in August; 50 most widely held EM stock Screen

Goldman Sachs' EM Weekly Fund Flows Monitor covers foreign (FII) flows, HK/China Connect and domestic retail flows, global equity mutual fund flows, and hedge fund and mutual fund positioning. This week, EM Asia ex-China markets saw foreign net buying, driven by inflows into Taiwan, with only modest buying across the rest of non-Asia EMs; Southbound flows continued to post strong net inflows in a shortened trading week, while China and Korea saw net selling on the retail side. Globally, DM equity funds saw outflows, Japan flipped to buying while Europe was sold, and EM funds saw modest outflows driven by redemptions in active mandates. In hedge fund positioning, HFs sold Asian equities net in September, led by Korea as AI exposure continued to be unwound, partly offset by buying in Hong Kong and Australia;