About this work
Yahoo Finance, via Reuters, reports that foreign investors put $43.4 billion into emerging markets debt and stock portfolios in November, the largest net amount since January, based on IIF data, while China again saw net outflows. IIF economist Jonathan Fortun said local debt returns are gaining momentum and the asset class is poised for its best performance since 2019. He attributed the strength outside China mainly to a more benign inflation view and prospects of lower rates, and described a clear bifurcation between China and other emerging markets.