AI, commodity trades show early exhaustion; India outflows moderate as global rotation slows: Elara Capital
New Delhi [India], May 23 (ANI): The AI and commodity-led trades that drove emerging market flows since April 2025 are showing early signs of exhaustion, while India’s pace of outflows has moderated as the global rotation slows, according to a research report by Elara Capital.
Macro concerns continue to weigh on EMs, with a sixth consecutive week of outflows. Another USD 8 billion was redeemed this week, following a large outflow of USD 24.4 billion last week. The bulk of the pressure continues to originate from China-dedicated domestic funds, which have seen redemptions of around USD 79 billion since April 2026.
