Emerging market portfolio inflows shrivel to $2.2 bln…

LONDON, Sept 4 – Inflows of foreign investor money into emerging economies shrivelled to $2.2 billion in August as portfolio managers rattled by rising trade tensions and a strong dollar pulled out of developing debt markets, the IIF said in a report on Tuesday.

Emerging equities accounted for all inflows, raking in $7.1 billion, while debt markets suffered $4.8 billion of outflows, their first such loss since June, data from the Institute of International Finance, which tracks financial flows, showed.

In July, emerging markets overall saw portfolio inflows of $13.7 billion.

(Reporting by Karin Strohecker and Sujata Rao; Editing by Catherine Evans)


Leave a Reply

Your email address will not be published. Required fields are marked *