![]() ![]() "We thus expect the level of inflows lowering, mainly explained by a more cautious market. "Moving forward, we see seasonal patterns in EM dollar debt turn progressively weaker over the next few months, as tight liquidity has historically discouraged creditors from adding exposure before the last quarter in a year," Fortun wrote. ![]() Outflows from South Africa, which struggled with rolling power cuts and souring local investor sentiment, hit $562 million in equities and $816 million in debt. ![]() Investors pulled a total of $5.8 billion from emerging markets in Africa and the Middle East. BIAS FX 2’s advanced modelling suite lets you create vintage and modern fuzz pedals for more grit and sustain, time-based effects for more depth, and instantly create ensemble lead lines with multiple voices. The bulk of the incoming cash - a total of $16.4 billion - went to Asian emerging markets, with equities in India, Taiwan and Korea drawing large investments. New Harmonizer, Fuzz and Time modellers take your recordings and live performances beyond ordinary limits. and a controlled landing of the economy, which may benefit EM flows overall," Fortun added. "We maintain our view of lower inflation in the coming months for the U.S. The figures, while positive, again failed to maintain the optimism from early this year, when inflows hit a two-year high on China's post-pandemic reopening and hopes that a global interest rate hiking cycle was on pause. Overall, investors put $6.9 billion into emerging market equities and $3.5 billion into debt. relations and regulatory crack-downs from Beijing that unsettled markets. Investor appetite for China has been cooling against a backdrop of disappointing data, deteriorating Sino-U.S. "While our data shows a positive picture overall, this is the fifth consecutive month of China debt outflows and only marginal China equity inflows," IIF economist Jonathan Fortun wrote in a note. ![]()
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