Institute of International Finance May 8, 2025

IIF Capital Flows Tracker: May 2025

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April’s near balance in emerging market portfolio flows conceals a sharp divide between asset classes. The May tracker reports $0.2 billion in net outflows, as $9.7 billion entering debt nearly offset $9.9 billion leaving equities. China supplied all net debt inflows, while debt markets elsewhere in the emerging world recorded withdrawals.

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Jonathan Fortun (2025). IIF Capital Flows Tracker: May 2025. Institute of International Finance.