EM Weekly Fund Flows Monitor

Latest edition · August 28, 2026

EM Weekly Fund Flows Monitor Taiwan India led foreign buying in August, while Korea saw most FII selling

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.

Goldman Sachs' weekly fund flows monitor highlights that emerging and Asian equity mutual funds rebounded 4-5% in August after a July drawdown, with 60% of EM funds and 70% of Asian funds beating benchmarks. In August, foreign institutional inflows concentrated in Taiwan (+US$9.5bn) and India (+US$3bn), whereas Korea faced severe foreign selling (-US$8.8bn). Global equity funds saw US$9.2bn in net inflows on the week, led by GEM funds (+US$2.3bn) and Japan (+US$2.7bn), while US funds experienced US$4.4bn in net outflows. Positioning data shows EM funds remain most overweight Brazil and Mexico while underweight Taiwan and Korea, particularly cutting exposure to North Asian Technology Hardware and Semiconductors. Additionally, the upcoming FTSE GEIS rebalancing on September 18 is expected to drive over US$10bn in gross two-way flows across EM markets.

Key takeaways from the latest edition

• 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.

What this series covers

• 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

Edition archive

• EM Weekly Fund Flows Monitor Taiwan India led foreign buying in August, while Korea saw most FII selling

  August 28, 2026

• EM Weekly Fund Flows Monitor Foreign selling continues w w led by Korea, while India inflows persist

  August 7, 2026

• EM Weekly Fund Flows Monitor Foreign selling continues, driven by Taiwan w w

  July 24, 2026

• EM WEEKLY FUND FLOWS MONITOR Foreign inflows w:w driven by Taiwan:Korea; MFs added China:India, trimmed Korea in May; Leveraged ETFs in focus

  June 19, 2026

• EM Weekly Fund Flows Monitor Another week of large foreign outflows, led by Korea

  May 24, 2026

• EM Weekly Fund Flows Monitor Foreign buying w w led by Taiwan

  May 10, 2026