EM equity outflows pick up with Asia at the center- JPMorgan

Investing.com-- Emerging market equities saw sustained outflows over the past week, JPMorgan data showed, with Asian markets excluding Japan at the heart of this outflow as sentiment towards the region remained frail.

EM equities saw outflows rise to $766 million in the past week, JPM said in a note. A bulk of these were directed at Asia-Pacific markets, specifically China, amid persistent concerns over slowing economic growth and middling stimulus measures from Beijing.

Excluding China, global EM funds saw inflows of $354 million.

Japanese markets- which were at the heart of a market rout earlier in August, saw mild outflows in the prior week, while other developed markets- such as Europe and the U.S.- saw steady inflows amid bargain buying and improving sentiment over lower interest rates. 

China has remained a key point of contention for sentiment towards Asia, as the region’s biggest economy grapples with a slowing economic recovery and middling stimulus efforts from Beijing.