Foreign investors withdrew $26.3 billion from emerging-market stocks and bonds in September, marking the first foreign outflow from the asset class since June.
Outflow marks reversal
The withdrawal covered both emerging-market equities and debt. It represents a reversal from the period since June, when foreign investors had not recorded an outflow from these markets.
Federal Reserve stance in focus
The September movement came as the Federal Reserve turned more hawkish. The shift in investor flows places renewed focus on the relationship between US monetary policy and demand for emerging-market assets.
The available data identifies the scale and timing of the withdrawal but does not provide a country-by-country breakdown or details on the separate flows for stocks and bonds.