Emerg­ing mar­ket in­flows high­est since Jan­uary

Business World - - The World -

NEW YORK — In­flows of for­eign in­vestor money into emerg­ing mar­ket (EM) economies jumped to $33.9 bil­lion in Novem­ber, the In­sti­tute for In­ter­na­tional Fi­nance (IIF) said in a re­port on Wed­nes­day, as the re­gion’s cur­ren­cies sta­bi­lized and in­vestors took ad­van­tage of lower val­u­a­tions. The data fol­low $7.6 bil­lion net non-res­i­dent out­flows from the re­gion in Oc­to­ber, ac­cord­ing to the IIF, which tracks fi­nan­cial flows. In­flows to stocks ac­counted for $12 bil­lion last month while debt in­flows climbed to $21.8 bil­lion, the most since April. For the year to Novem­ber, non-res­i­dent port­fo­lio flows have taken in $195 bil­lion, 45% be­low the same pe­riod last year, but higher than both 2016, with $142 bil­lion, and 2015, at $88 bil­lion. In Oc­to­ber, emerg­ing mar­kets eq­ui­ties saw out­flows of $17.1 bil­lion, the weak­est month since June 2013, while EM debt mar­kets saw in­flows of $9.5 bil­lion. —

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