By Rodrigo Campos
NEW YORK (Reuters) – Foreigners added about $32.7 billion to their rising market portfolios in March, a fifth consecutive month of general international web flows to EMs, the Institute of Worldwide Finance mentioned on Tuesday.
The IIF banking commerce group mentioned flows had been constructive for each bonds and equities final month, with equities absorbing $10.2 billion and debt $22.5 billion.
The general determine compares with inflows of $20.5 billion in February and a $9.1 billion outflow in March of 2023.
Optimistic flows returned to each Chinese language equities and debt for the primary time since June, if solely barely. China shares took in $1.7 billion and bonds $2.1 billion.
“EM x/China debt has seen stronger flows, sustained primarily by massive issuance by a number of chosen EMs and a constructive influence from carry commerce,” mentioned IIF economist Jonathan Fortun.
“Furthermore, market urge for food for native forex debt throughout the EM complicated has additionally aided the general determine.”
