About this work
Emerging markets recorded $70.3 billion in portfolio outflows in March, their weakest monthly result since March 2020. Equity selling dominated, particularly in emerging Asia outside China. The outlook depends on the duration of the Iran war: a prolonged conflict could spread the pressure to debt flows, domestic policy and liquidity.
Cite this work
Jonathan Fortun (2026). IIF Capital Flows Tracker: April 2026. Institute of International Finance.