(Bloomberg) -- Investors pulled money out of U.S. ETFs that invest in emerging markets last week for the first time since early October, ending the longest winning streak for the ETFs since May.

Redemptions from emerging-market ETFs that invest across developing nations as well as those that target specific countries totaled $91.3 million compared with inflows of $1.1 billion in the previous week and $2.58 billion in the past three periods, according to data compiled by Bloomberg.

Almost all the losses came from bond funds, with stock ETFs declining by less than $1 million. The MSCI Emerging Markets Index fell 2.4 % in the week.

The biggest change was in Mexico, where funds shrank by $87.7 million, compared with $37.3 million of inflows the previous week. Investors withdrew $82.1 million from stock funds and $5.7 million from bonds.

The Mexico IPC Index declined 1 %. The peso strengthened 0.54 % against the dollar and implied three- month volatility is 11.48 %.

Turkey had the next-biggest change, withETFinvestors redeeming $31.2 million, compared with $13.9 million of inflows the previous week. Stock funds fell by $25.5 million and bond ETFs decreased by $5.7 million.

The Borsa Istanbul 100 Index lost 0.9 %. The lira depreciated 0.24 % against the dollar and implied three- month volatility is 13.85 %.

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