The longest rally in emerging-market stocks in a year encouraged record inflows into at least one exchange-traded fund over the past two weeks.
Investors piled more than $2 billion into the iShares Core MSCI Emerging Markets ETF, the second largest emerging-market ETF, in the two weeks through Friday.
The fund has risen more than 6% this year, fueled by one investor making a couple of massive block trades last week, helping pushing its assets up by about $5 billion to an all-time high of $54.3 billion.
Developing-nation stocks are up more than 5% this year, after falling over 17% in 2018, as the appetite for riskier assets improves amid bets the Federal Reserve will pause its tightening cycle and hopes the U.S. and China will reach a trade deal. Cheaper valuations have also contributed to the rebound, with investors including Bank of America Merrill Lynch and UBS Wealth Management holding bullish calls for emerging-market assets.