Covid-19 Vaccine, U.S. election news drive record $76.5 billion inflow to emerging markets - IIF
Foreign investors poured a record $76.5 billion into emerging market portfolios in November, powered by positive COVID-19 vaccine news and the apparent normalization of the U.S. transfer of power, the Institute of International Finance said in a report on Tuesday.
"Recent headlines on potential Covid-19 vaccines, combined with the resolution of uncertainty regarding the U.S. election, have benefited capital flows greatly," wrote IIF economist Jonathan Fortun.