Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • Nikkei

    40,369.44
    +201.37 (+0.50%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Bitcoin USD

    69,971.70
    -1,322.75 (-1.86%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • FTSE Bursa Malaysia

    1,536.07
    +5.47 (+0.36%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

Emerging market inflows increase ninefold in June -IIF

NEW YORK (Reuters) - Portfolio inflows to emerging markets jumped to $32.1 billion in June from $3.5 billion in May, the bulk of it in debt securities, the Institute of International Finance said on Wednesday.

Debt flows accounted for $23.5 billion of total, while Chinese equities attracted some $6.1 billion, the data on non-resident flows showed.

Equities outside of China reversed an outflow trend to see net inflows of $3.4 billion.

Emerging Asia was the region that attracted the most flows last month with $17.1 billion, while Latin America, with $7.3 billion, came second.

Debt issuance picked up significantly in the second quarter, the report said, and is now above the average of recent years.

ADVERTISEMENT

"We see this shift in sentiment as healthy, reflecting deeply discounted valuations in many places, which mean that adverse economic outcomes and weak growth are largely priced," IIF said.

However, the recent buildup in tension between Washington and Beijing is seen as a sentiment dampener toward emerging markets.

"Moving forward, we see investors being more discerning regarding investment decisions towards (emerging markets)," the report said.

(Reporting by Rodrigo Campos; editing by Jonathan Oatis)