According to the data, net inflows rose for the fourth straight month, the longest in more than a year, although inflow volume was much lower than in the first two months of this year.
Net inflows in April were $7.7 billion for emerging market bonds and $2.1 billion for stocks. That brings the total to $9.8 billion, up from $9.1 billion in March and $7.6 billion in releases in April 2022.
Flows to Asian markets were the highest at $5.2 billion, even as China recorded outflows of $1 billion in bonds and $3.8 billion in stocks.
“Chinese stocks suffered from outflows in April and the positive effect of the reopening (of the market) has faded,” Jonathan Fortune, an economist at the Institute of International Finance, said in a statement.
The data showed Chinese bonds saw outflows in eight of the past 12 months, while equities saw monthly outflows after five months of inflows.
Turkey, which holds elections on Sunday, saw equity outflows for the fifth consecutive month while bond market inflows were positive for the third consecutive month, according to preliminary data from the Institute of International Finance.
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