| NEW YORK, March 1
NEW YORK, March 1 Overseas investors increased
buying of emerging markets debt and equities last month to an
estimated $17.1 billion, buoyed by largely positive political
and economic news from the sector, the Institute for
International Finance (IIF) said Wednesday.
February's total estimated inflows to emerging market assets
was an increase from January's $14.1 billion total. It marks a
second month of reversal from the capital outflows seen in the
fourth quarter of 2016 from emerging market assets.
All four emerging markets regions tracked by IIF - Africa
and the Middle East, Asia, Europe and Latin America - are
estimated to have seen portfolio inflows in February for the
first time since June 2016, the report stated.
"The positive economic data flow in EMs has been a
significant source of support in January and February," IIF said
in the report. "However, we remain cautious going forward."
Capital outflows from China continued in 2017, however, the
IIF estimates the net outflows from China eased from $67 billion
in December to $57 billion in January, marking the slowest pace
of outflows since October 2016.
IIF estimates emerging markets will see $45 billion of
inflows during the first quarter of 2017.
(Reporting by Dion Rabouin; Editing by Chizu Nomiyama)