Fund Flow Insights: Asia saw large inflows into ETFs but had net foreign outflows

In the week of 21 October 2026, bond funds saw US$12.1bn inflow while equity funds also had US$55.6bn inflow. Global funds continued to see good inflows of US$9.5bn. US ETFs also had US$16.2bn of inflow but non-ETFs had US$9.5bn of redemptions. In Europe, however, there was US$1.0bn of net redemption. Japan ETFs had rather strong inflow of US$6.0bn. US$33.5bn flowed into EM funds — China ETFs had a large inflow of US$17.3bn, a size last seen in July. Taiwan and Korea ETFs also saw large inflows of US$6.9bn and US$5.8bn respectively. Flows to GEM ETFs resumed to US$2.7bn, and flows to Brazil ETFs slightly slowed but remained strong at US$1.0bn. On local intelligence, Taiwan had large foreign selling of US$15.5bn last week, Korea also had US$2.7bn of net outflow, and India and other ASEAN markets have also been seeing net foreign outflows.