(Bloomberg) -- The second-biggest exchange-traded fund tracking emerging-market equities will see more inflows after the amount of shares outstanding reached a record last week, according to Marketfield Asset Management LLC.

Outstanding shares in the iShares MSCI Emerging Markets Index rose to an all-time high of 1.11 billion by Dec. 28, according to data compiled by Bloomberg. The ETF jumped 2 percent to $45.23 in New York, the highest level since August 2011 and pushing its market value to $50 billion.

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