Emerging markets: Follow the money, go with the (out)flow
Thursday, July 18, 2013 - 01:58
July 19 - “Follow the money”. Adhering to that well-worn phrase bodes ill for emerging markets. So it’s a good job they've built up over $7 trillion of FX reserves.
▲ Hide Transcript
▶ View Transcript
Fall all the money. A well worn phrase which bodes ill for emerging markets. Investors up pulling the cash outs and with US bond yields up as the Fed and she's closer to -- to stimulus the pace of withdrawal. Could accelerate. Emerging market equity fund someone and fall of nineteen point nine billion dollars in -- that's according to Kenya five. I was on records but basically targeted 2008. To eighteen point seven billion. And JPMorgan suggests investors are poised to withdraw much more. Something of that emerging market clients shows that -- levels are what indeed -- Market just as assist -- and sale emerging market assets to build up the cash holdings. As -- -- increase. So that -- my decreased. Bank of America Merrill Lynch says -- to consult an emerging market bond issuance in the first half of the year -- it was a record 251. Billion dollars. I NG reckons it was 260 billion. Either way with global market yields rising -- the level of activity as unlikely to be repeated in the second. When a brother level -- to open tonight finance and we'll -- it. But that's falls down to six billion dollars and emerging mind capital inflows this year. We'll be followed by thought of that fifty billion next year. The silver lining. Inflows was still -- to a close by almost half a trillion dollars this year. Emerging market governments with a record of seven point four trillion dollars this one stings themselves to position themselves to -- until the best. It's a good jump -- -- --
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code