12 June 2024 EM Equity ETF Flows Daily net subscriptions/redemptions of major EM Equity ETFs – 11 June 2024 Total EM: Net subscriptions of US$20mn. EM Broad: Net redemptions of US$43mn. EM ex China: Strong subscriptions of US$74mn. Frontier Markets: Net redemptions of US$11mn. Brazil: Strong subscriptions of US$99mn. Mexico: Strong subscriptions of US$37mn. South Africa: Net redemptions of US$6mn. India: Net subscriptions of US$3mn. Korea: Net subscriptions of US$3mn. Turkey: Strong subscriptions of US$2mn. Saudi: Net redemptions of US$18mn. Table 1: Daily net subscriptions/redemptions in the last five trading days (USD mn) 5-Jun-24 6-Jun-24 7-Jun-24 10-Jun-24 11-Jun-24 1M 3M YTD 2023 Total EM** -23.8 -3.0 1.3 -97.8 20.0 1,498 2,984 5,444 12,496 Regional ETFs EM Broad -0.1 -2.6 1.3 -73.6 -43.3 1,433 334 746 7,273 EM ex China - - - - 74.3 109 2,665 4,806 5,155 Frontier Markets -1.6 -1.1 - -24.1 -11.0 -23 -9 -95 100 EMEA - 0.8 - - - 1 1 -2 1 EM Asia -22.1 - - - - -22 -6 -11 -34 LatAm - - - - - 0 0 0 0 Market Dedicated ETFs Brazil 2.5 -9.1 -1.4 - 98.5 85 53 -471 346 Mexico 48.0 80.6 -14.6 143.4 36.7 393 501 390 805 South Africa - - - -1.2 -6.4 -20 -45 -80 -97 India -18.6 - - - 2.7 495 1,325 2,126 2,750 China - - - - - 60 290 313 -160 Korea - - - 4.5 3.3 150 931 1,351 537 Taiwan - - 3.4 - - 396 779 754 -161 Turkey - - 8.2 - 2.0 19 14 24 -229 Saudi -8.1 - - - -18.4 -117 -126 -125 -244 Indonesia -9.0 - -7.0 -6.0 - -74 -99 0 -102 Malaysia 0.0 0.0 0.0 0.0 - 9 12 4 20 Thailand 0.0 0.0 0.0 - - -2 5 -5 52 Philippines -4.9 - -0.9 -2.5 - -10 -17 1 -27 Net redemption is greater than 2 times 12m rolling average redemption Net redemption is less than 2 times 12m rolling average redemption Net subscription is less than 2 times 12m rolling average subscription Net subscription is greater than 2 times 12m rolling average subscription Source: Bloomberg Finance L.P. 6/11/2024 Note: *Total EM includes EM Broad, EM ex China, Frontier Markets, EMEA, LatAm and EM Asia. Figure 1: Total EM equity flows vs MSCI EM index Source: Bloomberg Finance L.P., J.P. Morgan. Figure 2: Daily net flows into total EM Equity ETFs (USD mn) Source: Bloomberg Finance L.P., J.P. Morgan. Figure 3: Cumulative net flows into total EM Equity ETFs (USD mn) Source: Bloomberg Finance L.P., J.P. Morgan.