(Bloomberg) -- Investors are piling into emerging- market exchange-traded funds at the fastest pace in seven months as they dump technology companies in favor of cheaper stocks.

U.S.-based ETFs focused on emerging-market equities and bonds attracted a net $3.1 billion this month through yesterday, heading for their biggest monthly inflow since September, according to data compiled by Bloomberg. Funds investing in global technology companies lost $1.3 billion over the past five days, the most among 12 industries tracked by Bloomberg.

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