Investors continued to pull money from emerging market equity exchange-traded products in May, with the products suffering $3.5bn in net outflows year-to-date, according to new research.

Broad emerging market equity ETPs recorded $1.6bn in net outflows in the year to the end of May, according to figures published this week by BlackRock, while regional emerging market products suffered outflows of $789m and single country emerging market ETPs reported outflows of $1.2bn.