NEWYORK (Reuters) – Inflows of foreign investor money into emerging economies jumped to $33.9 billion in November, the IIF said in a report on Wednesday, as the region’s currencies stabilized and investors took advantage of comparably lower valuations.
The data follow $7.6 billion net non-resident outflows from the region in October, according to the Institute of International Finance, which tracks financial flows.
Inflows to stocks accounted for $12 billion last month while debt inflows climbed to $21.8 billion, the most since April.
For the year to November, non-resident portfolio flows have taken in $195 billion, roughly 45 percent below the same period last year, but higher than both 2016, with $142 billion, and 2015, at $88 billion.
In October, emerging markets equities saw outflows of $17.1 billion, the weakest month since June 2013, while EM debt markets saw inflows of $9.5 billion.
(Reporting by Rodrigo Campos; Editing by Chizu Nomiyama)