Goldman Sachs logo
Goldman Sachs

Report published August 28, 2026

EM Weekly Fund Flows Monitor: Taiwan and India Lead Foreign Buying in August

Source and citation context

Report date
August 28, 2026
Analysis as of
August 27, 2026

Authors / editors: Sunil Koul, Timothy Moe, CFA, Alvin So, CFA, Tarun Lalwani, Terry Chan, Si Fu, Ph.D., Kinger Lau, CFA, John Kwon, Amorita Goel, CFA, Mambuna Njie

Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Weekly UpdateDerivativesEquitiesInformation TechnologyIndustrials

Goldman Sachs reports that Taiwan and India led emerging market foreign equity buying in August (+US$9.5bn and +US$3bn, respectively), while Korea experienced significant foreign selling (-US$8.8bn). Following July's drawdown, EM and Asian active mutual funds gained 4-5% in August, with the majority outperforming their benchmarks.

Key Takeaways

  • 1.In August, foreign institutional buying in Asia was led by Taiwan (+US$9.5bn) and India (+US$3bn), whereas Korea experienced heavy foreign selling (-US$8.8bn).
  • 2.EM, Asia, and China-focused mutual funds rebounded 4-5% in August following the July drawdown, with 60% of EM funds and 70% of Asian funds outperforming their benchmarks.
  • 3.Global equity funds recorded US$9.2bn in net inflows week-over-week, with Global Emerging Markets (GEM) funds attracting US$2.3bn (+US$63bn YTD) while US funds saw US$4.4bn of net selling.

Table of Contents

  • Foreign (FII) flows / positioning
  • HK/China Connect, Domestic retail flows
  • Global Equity mutual fund flows
  • Focus: Aug Flows Recap; MF Performance/Positioning; FTSE Review
  • Focus: August Flows Recap & Mutual Fund Performance
  • Focus: Mutual Fund Positioning (end-July 2026)
  • Focus: FTSE Index Review and Flow Implications (September 2026)
  • GEM Flows Recap
  • Regional Flows Recap
  • Foreign Institutional Investors (FII) Flows
  • Domestic Institutional Investors (DII) Flows
  • Stock Connect: Southbound Flows
  • Stock Connect: Northbound Flows
  • Global, EM, Regional and Country Fund Flows
  • Retail Investor Flows
  • Retail leverage in North Asia
  • Regional Equity Risk Barometers (ERBs)
  • Disclosure Appendix

Report data

Current vs. Pro forma changes and potential passive flows following the FTSE GEIS rebalancing — as of August 27, 2026.

MetricEstimateContext
Foreign FII Inflows to Taiwan9.5 USD billionForeign institutional buying in Taiwan in August.
Foreign FII Outflows from Korea-8.8 USD billionForeign institutional selling in Korea in August.
Global Equity Mutual Fund Weekly Inflows9.2 USD billionEquity funds globally saw inflows w/w vs US$40.1bn inflow prior week.
GEM Equity Fund Inflows YTD63.0 USD billionCumulative inflows into Global Emerging Market funds year-to-date.
FTSE GEIS Rebalancing Expected Net Passive EM Inflows3.8 USD billionEstimated net potential passive flows across emerging markets from the September GEIS rebalancing.
Source: Bloomberg, Respective Local Stock Exchanges; EPFR, Goldman Sachs Global Investment Research; EPFR; FTSE Russell, FactSet, Bloomberg, EPFR, Goldman Sachs Global Investment Research. This is a dated model snapshot, not a live forecast.

Reports in this series

EM Weekly Fund Flows Monitor is shown in chronological order through this edition, published on August 28, 2026.

Part of the EM Weekly Fund Flows Monitor series — view all 7 editions

Looking for the latest edition? EM Weekly Fund Flows Monitor North Asia saw US$5bn foreign selling, while Brazil saw moderate inflows w w (Sep 4, 2026)

  1. May 10EM Weekly Fund Flows Monitor Foreign buying w w led by Taiwan
  2. May 24EM Weekly Fund Flows Monitor Another week of large foreign outflows, led by Korea
  3. Jun 19EM WEEKLY FUND FLOWS MONITOR Foreign inflows w:w driven by Taiwan:Korea; MFs added China:India, trimmed Korea in May; Leveraged ETFs in focus
  4. Jul 24EM Weekly Fund Flows Monitor Foreign selling continues, driven by Taiwan w w
  5. Aug 7EM Weekly Fund Flows Monitor Foreign selling continues w w led by Korea, while India inflows persist

Document Preview

Page 1 of 5
Page 1 of EM Weekly Fund Flows Monitor: Taiwan and India Lead Foreign Buying in August
Subscribe for full access

Access the Full Report

Get unlimited access to institutional research reports. Create an account to get started.

Authors / Editors

Sunil KoulTimothy Moe, CFAAlvin So, CFATarun LalwaniTerry ChanSi Fu, Ph.D.Kinger Lau, CFAJohn KwonAmorita Goel, CFAMambuna Njie

Reported Data Context

  • Foreign FII Inflows to Taiwan: 9.5 USD billion (August 2026) · Source: Bloomberg, Respective Local Stock Exchanges
  • Foreign FII Outflows from Korea: -8.8 USD billion (August 2026) · Source: Bloomberg, Respective Local Stock Exchanges
  • Global Equity Mutual Fund Weekly Inflows: 9.2 USD billion (Week ending 2026-08-28) · Source: EPFR, Goldman Sachs Global Investment Research
  • GEM Equity Fund Inflows YTD: 63.0 USD billion (2026 YTD) · Source: EPFR
  • FTSE GEIS Rebalancing Expected Net Passive EM Inflows: 3.8 USD billion (September 2026) · Source: FTSE Russell, FactSet, Bloomberg, EPFR, Goldman Sachs Global Investment Research

Securities

9988.HK2800.HK300750.SZ300308.SZ0981.HK0700.HK

Themes

Emerging Market Fund Flow DivergenceFTSE GEIS Semi-Annual Index Rebalancing FlowsNorth Asian Retail Leverage and Margin Balances

Regions

Asia PacificGlobalLatin AmericaTaiwanIndiaSouth Korea

Browse More

Goldman SachsWeekly UpdateEquitiesDerivatives

Related Reports

Czechia: Final CPI Print Confirms 0.2pp Increase in Headline Inflation to +1.9% YoY; Core Stable at +3.0% YoY

September 10, 2026

Unite Group: UCAS Data - Student Applicants Up +1% Y/Y

September 10, 2026

Tyler Technologies Inc.: Communacopia + Technology 2026 Key Takeaways

September 10, 2026

Super El Niño: Framing Potential Implications for Agriculture

September 10, 2026

Microsoft Corp. Communacopia + Technology 2026 — Key Takeaways

September 10, 2026