Investors are piling into emerging markets at a record pace:

Emerging Markets ETFs attracted +$20.6 billion in inflows last month, the biggest monthly intake on record.

This marks the 12th consecutive monthly inflow.

This also nearly TRIPLES the prior two months and DOUBLES the previous peak set in 2018.

The MSCI Emerging Markets ETF, $IEMG, covering 24 emerging market countries, attracted $8.9 billion in inflows, or 43% of the total, its largest monthly intake since its inception in 2012.

As a result, the MSCI Emerging Market Index rallied +8.8% in January, its best start to a year since 2012.

Bullish momentum in emerging markets is accelerating.