India, Taiwan ETFs See Record Exodus Before Asia Stock Rebound

The largest US-listed exchange-traded funds tracking single Asian countries from India to Taiwan suffered record outflows in March, just ahead of a massive rebound in the region’s equities on the first day of April.

Traders yanked a record $1.4 billion in March from BlackRock’s $6.7 billion iShares MSCI India ETF, known by its ticker INDA, according to data compiled by Bloomberg. The firm’s $7 billion iShares MSCI Taiwan ETF, or EWT, also saw a record redemption of $1.1 billion last month, the data show.