Avantis Emerging Markets Equity ETF Sees Significant Inflows

Today, data from ETF Channel reveals significant changes in shares outstanding among various ETFs. Notably, the Avantis Emerging Markets Equity ETF (Symbol: AVEM) has experienced an inflow of approximately $732.6 million. This amount represents an 8.5% week-over-week increase in outstanding units, rising from 134,100,000 to 145,450,000.

Market Performance of Key Holdings

Among the largest components of AVEM, Alibaba Group Holding Ltd (Symbol: BABA) is down roughly 1.6%, while NetEase, Inc. (Symbol: NTES) has declined about 1.7%. Conversely, ICICI Bank Ltd (Symbol: IBN) has shown a modest gain of approximately 0.4%. For a complete list of holdings, you can visit the AVEM Holdings page.

Price Performance Analysis

The chart below illustrates AVEM’s one-year price performance relative to its 200-day moving average:

Currently, AVEM’s 52-week low stands at $52.52, while its high reaches $66.3099, with the last trade recorded at $64.41. Analyzing the recent share price against the 200-day moving average provides valuable insights for technical analysis.

Understanding ETF Share Dynamics

Exchange-traded funds (ETFs) operate similarly to stocks; however, investors buy and sell “units” instead of “shares.” These units can be traded back and forth like stocks, and they may also be created or destroyed based on investor demand. Each week, we track week-over-week changes in shares outstanding to identify ETFs with notable inflows or outflows. The creation of new units requires purchasing the underlying holdings, while the destruction of units necessitates selling them. Consequently, large flows can influence the stocks held within these ETFs.

Click here to discover which other ETFs experienced notable inflows.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.