By Rodrigo Campos
New York (Reuters) – Foreigners added nearly $ 16 billion to their emerging market portfolios in February, investors take care of Chinese actions as well as debt in developing economies, a report of a financial commercial group said on Thursday.
Chinese shares aspired $ 11.2 billion, but the sale elsewhere meant that equity portfolios on the emerging market experienced a net exit of $ 2.1 billion last month. The image was the opposite in fixed income, where Chinese obligations displayed an exit of $ 15.1 billion, although the market debt emerged elsewhere, $ 33.2 billion.
The global net influx of $ 15.9 billion in emerging market portfolios last month compared to $ 21.2 billion in January and $ 27.8 billion in February 2024 according to data from the Institute of International Finance (IIF).
The February influx to Chinese actions has been the most important for every month since September and the second largest in more than two years.
“” Animal minds “are awakened with recognition of the progress that Chinese companies have made in various fields such as AI and electric vehicles,” said Guilherme Valle, founding partner and portfolio manager at ABS Global Investments in an exchange of email.
“The combination of innovative commercial models and low assessments will continue to provide a backdrop favorable to Chinese actions,” he said.
(Report by Rodrigo Campos; Marc Jones graphics; edition by Chizu Nomiyama)
