(Bloomberg) -- The U.S. currency's longest losing streak in more than six years helped whip up demand for emerging-market assets last week. Investors added $978 million to the Vanguard FTSE Emerging Markets exchange-traded fund over the past five days, the most in nearly five years, according to data compiled by Bloomberg. “Emerging market equities typically struggle in the face of a rapidly rising dollar and so conversely have benefited as this year's consensus view for U.S. dollar weakens, along with evaporating expectations of a rise in U.S. interest rates,” Andrew Lapthorne, head of quantitative strategy at Societe Generale SA, wrote in a note to clients Monday.
To contact the reporter on this story: Dani Burger in New York at dburger7@bloomberg.net.
To contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Randall Jensen, Sophie Caronello
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
