Loan Digest

China reopening spurs record inflows into emerging market funds -BofA

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

LONDON :Investors poured a record $12.7 billion into emerging-market debt and equity funds in the week to Wednesday, in response to China's easing of its COVID-19 restrictions on activity, data on Friday from BofA Global Research showed.The sudden shift in Chinese policy has boosted many different asset class

LONDON :Investors poured a record $12.7 billion into emerging-market debt and equity funds in the week to Wednesday, in response to China's easing of its COVID-19 restrictions on activity, data on Friday from BofA Global Research showed.

Hong Kong's share benchmark, the Hang Seng Index closed on Friday at an over six-month high ahead of the Lunar New Year Holiday. Chinese onshore blue chips went into the break at a five-month peak. European equities witnessed their first weekly inflow in almost a year. BofA said there were $0.2 billion of inflows to European stock funds, the first inflows in 49 weeks.BofA's"Bull & Bear indicator" is at 3.5, a 10-month high driven by the inflows into emerging markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Explainer: A looming US debt ceiling fight is starting to worry investorsUS will likely hit mandated S$41.5 trillion borrowing limit Thursday. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

What is the US debt ceiling and how will the Congress battle over it affect investors?Why is there a debt ceiling, what are the implications of a potential default and what happens now that the US government has hit its borrowing limit?
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »