Emerging-Markets Portfolio Outflows Biggest Since June 2013: IIF
2014-12-30 16:18:51.286 GMT
By Scott Lanman
(Bloomberg) -- Outflows estimated at $11.5b in Dec.,
Institute of International Finance says in monthly report.
* Debt outflows at $7.8b, equity outflows at $3.7b
* First month of net outflows after 17 months of inflows
* Emerging Europe most affected, followed by Africa/Middle
East and Latin America; flows to Emerging Asia were
“slightly positive on net”
* “Investor sentiment towards emerging markets appears to
have taken a significant turn for the worse in the last few
weeks,” IIF economist Robin Koepke says
* Outflows may reflect higher risk aversion amid Russian
currency crisis, oil-price drop: Koepke
* June 2013 outflows reflected “Taper Tantrum”
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To contact the reporter on this story:
Scott Lanman in Washington at +1-202-654-4379 or
slanman@bloomberg.net
To contact the editor responsible for this story:
Chris Wellisz at +1-202-624-1862 or
cwellisz@bloomberg.net
2014-12-30 16:18:51.286 GMT
By Scott Lanman
(Bloomberg) -- Outflows estimated at $11.5b in Dec.,
Institute of International Finance says in monthly report.
* Debt outflows at $7.8b, equity outflows at $3.7b
* First month of net outflows after 17 months of inflows
* Emerging Europe most affected, followed by Africa/Middle
East and Latin America; flows to Emerging Asia were
“slightly positive on net”
* “Investor sentiment towards emerging markets appears to
have taken a significant turn for the worse in the last few
weeks,” IIF economist Robin Koepke says
* Outflows may reflect higher risk aversion amid Russian
currency crisis, oil-price drop: Koepke
* June 2013 outflows reflected “Taper Tantrum”
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Scott Lanman in Washington at +1-202-654-4379 or
slanman@bloomberg.net
To contact the editor responsible for this story:
Chris Wellisz at +1-202-624-1862 or
cwellisz@bloomberg.net