Interviews, analysis and commentary in their original language.
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Fortun explains why high US interest rates and market volatility were weakening emerging-market portfolio inflows despite another positive month. He discusses demand for local-currency debt and the conditions under which Chinese equities could recover.
View detailsFortun discusses renewed foreign withdrawals from emerging-market portfolios, including equity pressure in India and Indonesia and uncertainty over Federal Reserve policy.
View detailsReuters reports that emerging market portfolios received $32.7 billion in foreign inflows in March 2024, with debt attracting more than equities. Jonathan Fortun attributes stronger debt flows outside China to issuance by a small number of countries, carry trades and demand for local currency bonds. Rodrigo Campos’s report also notes a modest return of inflows to both Chinese stocks and bonds.
View detailsFortun observes investors positioning for Federal Reserve rate cuts despite uncertainty over their timing, with emerging-market debt issuance expected to benefit.
View detailsFortun reviews a year-end recovery in foreign investment across emerging-market portfolios and the distribution between stocks and bonds.
View detailsJonathan Fortun discusses geopolitical risks and the possibility that oil prices could reach $100 a barrel in 2024.
View detailsFortun links stronger local-currency debt returns and inflows outside China to easing inflation concerns and expectations of lower interest rates.
View detailsFortun links September withdrawals from emerging-market portfolios to higher sovereign yields and expectations that interest rates would stay elevated. The Reuters report separates continued Chinese debt outflows from flows into other developing economies.
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