About this work
July brought $18.8 billion in net portfolio inflows to emerging markets as equity withdrawals slowed sharply. Debt attracted $26.7 billion, while Asia shifted from the main source of outflows to the largest regional contributor. The note warns that a more hawkish Federal Reserve, coordinated yen intervention and geopolitical tensions could weaken the interest-rate advantage supporting debt inflows.
Cite this work
Jonathan Fortun (2026). IIF Capital Flows Tracker: August 2026. Institute of International Finance.