Foreigners add $19.2 bln to EM portfolios in November, IIF says

Reuters
2024-12-13

By Rodrigo Campos

Dec 13 (Reuters) - Foreign investors added a net $19.2 billion to their emerging market portfolio holdings in November, with selling of stocks more than offset by a continuing flow of cash into EM debt, data from a trade group showed on Friday.

Stock portfolios saw an $11.1 billion outflow while bonds attracted $30.4 billion last month, data from the Institute of International finance showed.

Chinese equities shed $5.8 billion while the country's bonds saw an outflow of $7.5 billion, underscoring investor concerns over geopolitical tensions including an opening of more fronts in the expected trade war with the incoming U.S. administration.

Markets reacted to the November election of Donald Trump as U.S. president and the subsequent rally in the dollar, which has historically weighed on emerging market assets.

"This sustained pessimism surrounding Chinese equities is rooted in a confluence of factors, including regulatory concerns, slowing economic growth, and persistent geopolitical tensions," IIF economist Jonathan Fortun said in a statement.

He said the resilience of EM debt markets outside China was underpinned by the ongoing quest for yield and the relative stability of fixed-income assets compared to stocks.

All regions saw net inflows in November with Latin America leading the pack at $6.5 billion, while EM Europe attracted $4.8 billion, Asia $4.6 billion, and Africa and the Middle East $3.4 billion.

(Reporting by Rodrigo Campos; editing by Chizu Nomiyama)

((rodrigo.campos@reuters.com;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10