(Bloomberg) — Investor inflows to U.S. exchange traded funds that buy emerging market stocks and bonds slowed in the week ended Feb. 26, though ETFs posted the first back-to-back increases this year.

Deposits into emerging-market ETFs that invest across developing nations as well as those that target specific countries totaled $139.4 million, down from $242 million in the previous week, according to data compiled by Bloomberg. So far this year, the funds are down $5.35 billion.

Last week, stock funds collected $14.8 million and bond funds advanced by $124.6 million. The MSCI Emerging Markets Index declined 0.1% in the week.

The biggest change was in Mexico, where funds shrank by $16 million, compared with $30.3 million of inflows the previous week. Investors withdrew $25.3 million from stock funds and added $9.3 million to bonds.

The Mexico IPC Index advanced 0.2%. The peso weakened 0.29% against the dollar and implied three-month volatility is 13.2%.

Indonesia had the next-biggest change, with ETF investors adding $14.9 million, compared with $51.2 million of inflows the previous week. Stock funds grew by $7.3 million and bond ETFs increased by $7.5 million.

The Jakarta Composite Index gained 0.8%. The rupiah appreciated 0.95% against the dollar and implied three-month volatility is 12.01%.

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