AI Boom Lures Investors to Emerging Market ETFs in Asia

Money managers plowed money into exchange-traded funds that buy stocks in India, South Korea and Taiwan last week on the back of growing demand for semiconductors and artificial intelligence technologies.

India attracted $197 million, led by iShares MSCI Emerging Markets ex China, followed by S. Korea with $181 million and Taiwan with $112.8 million, according to data compiled by Bloomberg.

The three countries accounted for the vast majority of the $590.8 million that flowed into equities through U.S.-listed emerging market ETFs that invest across developing nations as well as those that target specific countries. Investors pulled money out of ...