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Yahoo Finance, citing Reuters, reports that foreigners added about $32.7 billion to emerging market portfolios in March, a fifth straight month of net inflows, according to the IIF. Jonathan Fortun, IIF economist, said stronger flows into EM debt excluding China were sustained mainly by large issuance from a few selected EMs and a positive carry trade impact. He also noted market appetite for local currency debt and warned that EM currency returns will stay closely linked to the U.S. economy.