EM: Negative portfolio flows for third consecutive month – BBH

FXStreet (Delhi) – Research Team at BBH, notes that according to the latest released IIF numbers on EM portfolio flows, the institute estimates that portfolio flows to EMs were negative for the third consecutive month in September.

Key Quotes

“It also revised the flows for July and August lower. Investors are estimated to have sold some $40 bln worth of EM assets in Q3, making it the worse quarter since Q4 of 2008, with selling about equally divided between debt and equity.”