LONDON, Sept 30 (Reuters) – Global investors pulled an
estimated $40 billion from emerging market assets in the third
quarter, according to data from the Institute of International
Finance, making it the worst quarter since the end of 2008.
An estimated $19 billion was pulled out of equities and $21
billion out of debt, the Washington-based finance industry body
said in a report issued late on Tuesday. Dovish signals from the
U.S. Federal Reserve’s September policy meeting provided only a
short-lived boost to emerging market flows.
LONDON (Reuters) – European investors have raised their cash allocations to their highest in more than five years as market fears of a slowdown in China wiped millions off asset values.
A Reuters poll conducted from Sept. 18 to 28 found investors had cut overall equity allocations more than 3 percentage points to 45.1 percent, the lowest since the end of 2014.
LONDON (Reuters) – Global investors have slashed equity holdings to their lowest in at least five years and raised bond allocations to nine-month highs, responding to turbulent stock markets and the potential fallout from China’s slowdown.
The September Reuters survey of 44 fund managers and chief investment officers in the United States, Europe, Britain, Japan and China was conducted after the U.S. Federal Reserve held off raising interest rates, citing concerns about global growth, China and market volatility.
LONDON, Sept 28 (Reuters) – Zambia’s currency and Eurobonds
fell to record lows on Monday after copper’s price slump
triggered a credit rating downgrade while broader emerging
assets also weakened, with stocks down 0.3 percent.
The Zambian kwacha slid 5 percent against the dollar
despite government pleas to investors to ignore Moody’s decision
to cut its credit rating by a notch to B2, five notches in junk
LONDON, Sept 24 (Reuters) – Emerging stocks fell for a
fourth straight day on Thursday and currencies also broadly
weakened on growing fears over Chinese economic growth and the
possibility of a crisis in Brazil.
The benchmark emerging equity index slipped 0.65
percent, on course for its second worst week of the year, pulled
lower by Hong Kong and Taiwanese shares , which
lost around 1 percent.
LONDON (Reuters) – Big energy importers in emerging markets were expected to benefit from plunging oil prices, but with China’s growth slowing and their exports dwindling, only a handful have been able to capitalize on cheaper fuel.
Investor disappointment is evident in a broad emerging market rout – Turkish and Indonesian stocks are down around 30 percent in dollar terms this year.
LONDON, Sept 21 (Reuters) – Emerging stocks fell on Monday
after three days of gains as growth worries overshadowed the
temporary boost provided by the U.S. Fed’s decision not to raise
rates whilst Turkey’s struggling lira remained under pressure.
MSCI’s main emerging equity index fell 1.54
percent, dragged lower by Asian markets including Hong Kong
shares which lost 1 percent and Taiwan , down
1.83 percent. Chinese mainland shares bucked the
trend, up 1.75 percent in thin trading.
LONDON, Sept 17 (Reuters) – Emerging equities rose to a near
one-month high on Thursday, spurred by a rally in Asia before a
U.S. interest rate decision, but the Turkish lira and South
African rand felt the Fed jitters, bucking the firmer trend.
Nigerian dollar/naira non-deliverable forwards (NDF) were
slightly tighter after the central bank took further steps to
tighten interbank liquidity, indicating it would stick to its
line on holding the naira exchange rate steady.
LONDON (Reuters) – Investors have cut their emerging market stock allocations to an all-time low and raised cash balances to levels seen during the 2008 crisis as risk appetite has evaporated, a Bank of America Merrill Lynch (BAML) survey showed on Tuesday.
Investor confidence in the global economic outlook has fallen significantly, according to the bank’s fund manager survey for September, with underweights to emerging market equities at a record net 34 percent.
LONDON, Sept 15 (Reuters) – Investors have cut their
emerging market stock allocations to an all-time low and raised
cash balances to levels seen during the 2008 crisis as risk
appetite has evaporated, a Bank of America Merrill Lynch (BAML)
survey showed on Tuesday.
Investor confidence in the global economic outlook has
fallen significantly, according to the bank’s fund manager
survey for September, with underweights to emerging market
equities at a record net 34 percent.