Emerging markets has witnessed an inflow of $25 billion from foreign portfolio investors in this month so far, with equity segment becoming the dominant driver for funds, says a report. Equity flows were the dominant driver this month, with an estimated $14.6 billion in inflows, while debt flows were more moderate at $10.2 billion, according to the report by Institute of International Finance.
Inflows were dominated by EM (emerging market)Asia, followed by latin America, while EM Europe and Africa, Middle East saw modest outflows. “Regionally, EM Asia saw total inflows of $19.1 billion, followed by latin America with inflows of $8.7 billion, while there were modest outflows from EM Europe and AFME,” the report noted.