Emerging markets suffered their first portfolio outflows in a year in March, driven by investors ditching Chinese assets and growing anxiety over recent geopolitical events, a report by the Institute of International Finance showed on Tuesday.
IIF considered China outflows of $11.2 billion in bonds and $6.3 billion in stocks an"unprecedented dynamic that suggests a market rotation" away from assets of the world's second-largest economy. This is the first time China assets have seen outflows in equities since September 2020. "Overall, the first quarter of the year has seen investors being more selective," he added, as"higher risk sensitivity" mounts due to tighter monetary conditions and rising inflation.
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