This year saw both the largest monthly inflow and outflow on records kept by IIF, with November seeing upwards of US$75 billion inflows while March recorded a near US$90 billion outflow. — Reuters pic
NEW YORK, Jan 7 — Foreign investors poured US$313 billion into emerging market portfolios last year, according to data from the Institute of International Finance , a 13 per cent drop from total inflows in 2019 as global markets absorbed the economic shock of the Covid-19 pandemic. The December figures show that EM securities attracted US$45.9 billion, of which US$29.3 billion went to equities. This total included US$13.2 billion into Chinese equities alone.The IIF called the yearly reading “impressive... considering that the Covid-19 shock meant one of the deepest and most violent outflow episodes on record.”
This year saw both the largest monthly inflow and outflow on records kept by IIF, with November seeing upwards of US$75 billion inflows while March recorded a near US$90 billion outflow. — Reuters