September 13, 2023
Chinese stocks lead foreign exodus from emerging markets in August -IIF
Fortun examines foreign withdrawals from Chinese stocks and the resulting weakness in overall emerging-market portfolio flows.
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Interviews, analysis and commentary in their original language.
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August 10, 2023
China snaps 2023 debt outflow streak as emerging markets shine in July -IIF
Fortun explains how lower currency volatility increased the appeal of emerging-market debt as Chinese bonds recorded their first monthly foreign inflow of 2023. He also identifies elections and regional risks that could interrupt the improvement.
View detailsJune 19, 2023
Unexpected Recovery Jumpstarts World’s Riskiest Sovereign Bonds
Fortun and Robin Brooks assess how a possible soft landing could draw investment into emerging markets amid a recovery in distressed sovereign bonds.
View detailsJune 9, 2023
Investors channel billions into emerging markets, but China drops again-IIF
Fortun discusses renewed emerging-market inflows alongside continuing withdrawals from Chinese debt. The report contrasts regional investor demand in May.
View detailsMay 15, 2023
Column-Yuan won't be FX reserve currency if no one buys China's bonds: McGeever
Fortun explains why sustained foreign withdrawals from Chinese bonds complicate the yuan's path toward greater use as a reserve currency.
View detailsFebruary 15, 2023
January flows to emerging markets largest in two years - IIF
Rodrigo Campos reports for Reuters on January 2023's surge in emerging market investment, led by record debt inflows outside China. Jonathan Fortun explains how expectations of slower rate increases and a better outlook reopened access to new borrowing. China's reopening supported equities, but continued Chinese debt outflows and persistent US inflation qualified the recovery.
View detailsJanuary 12, 2023
LatAm Lured Cash as Wall Street Ignored Other Emerging Markets
The article contrasts Latin America's December inflows with withdrawals elsewhere. Fortun cautions that risks remain across emerging markets despite expectations of a Federal Reserve pivot.
View detailsJanuary 11, 2023
December trickle seals sharp drop in 2022 emerging-market fund flows -IIF
Foreign investment in emerging-market portfolios fell sharply in 2022. The article cites Fortun's IIF report on interest rates, the dollar and uneven regional flows.
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