Demand for global equities is skyrocketing: Global equity funds have attracted +$210 billion in inflows over the last 6 months, the best 6-month stretch in history. This represents ~10% of the total assets under management of these funds. Inflows have QUADRUPLED over the last year and surpassed the meme stock frenzy peak of 2021 by +100%. Emerging Markets ETFs alone have attracted +$35 billion in inflows year-to-date, on track for its strongest annual intake on record. Meanwhile, the South Korean ETF, EWY, has been one of the most actively traded ETFs, accounting for 10-14% of total volume across all 688 global equity ETFs over the last 3 months. This percentage has more than TRIPLED since the beginning of the year. Investor appetite for global equities has never been stronger.(The Kobeissi Letter)