Emerging market inflows highest since January

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. —