China, equities weigh as EM sees another month of outflows - IIF

Oct 5 - Emerging market portfolios saw another month of foreign outflows in September, the seventh of the last eight, as non-residents pulled money out of EM stocks and away from China, data from the Institute of International Finance showed on Wednesday. China debt markets lost $1.4 billion in September for a total of $98.2 billion pulled out of the asset class over eight months as investors shy away from a slowing economy. Chinese stock portfolios shed $0.7 billion last month. The year-to-date outflow stands at $2.2 billion. EM stock portfolios outside China also posted outflows, with $8.2 billion exiting the asset class last month, while ex-China debt saw inflows of $7.5 billion to stem some of the bleeding. On balance, foreigners pulled $2.9 billion from emerging market portfolios last month, for a year-to-date figure of $12.7 billion in outflows. IIF data broken down by region showed an inflow of $2.4 billion to Latin America last month and a $0.3 billion flow to EM Europe.