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Yahoo Finance, carrying Reuters, reports that emerging markets drew $43.4 billion in foreign portfolio inflows in November, the most since January, 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 saw a clear bifurcation between China and other EMs.