Emerging markets saw a fifth straight month of net 'non-resident' portfolio inflows in April, their best run since the first half of 2015, data from the Institute of International Finance (IIF) showed on Tuesday.
The gauge of foreign investor appetite showed that April was the third month running that inflows topped $20 billion, making it the strongest three-month streak since 2014, helped by record dollar-denominated emerging market debt issuance.
Not all the signals were strong, however. Overall net flows, which take into account selling and buying of both foreign and domestic investors, declined to $18.7 billion from $30 billion, excluding
