Emerging Markets Witness First Monthly Inflow Since June: IIF

Thanks to dovish signals from G3 central banks and calm financial markets, emerging markets received net non-resident portfolio inflows of $13.9 billion in October, reports the Institute of International Finance. Robin Koepke and Scott Farnham of IIF said in their Oct. 27 research note that they have observed signs of life after the Q3 reversal. EM Asia led the way with $9 billion in total inflows Koepke and Farnham point out that after three months of retrenchment, emerging markets witnessed a return to positive foreign portfolio inflows in October. The analysts estimate the rebound in October at $13.9 billion, of which $6.2…