Emerging market ETFs have seen continuous outflows for the second week in a row, with China attracting funds against the trend.

Last week, investors withdrew from exchange-traded funds (ETFs) investing in emerging market stocks and bonds. This is the second consecutive week of capital outflows, with China's market attracting funds against the trend. According to Bloomberg data, as of the week ending August 8, investments in US-listed ETFs focusing on developing countries and specific countries recorded total outflows of $578 million, compared to $1.11 billion the previous week. So far this year, the total inflows amount to $15.4 billion.