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EM Stocks See Biggest Inflow Ever Amid China Stimulus Bets
Investors were buying emerging market stocks over the last week.
A record $12.1 billion flowed into EM-focused ETFs and mutual funds, according to EPFR's weekly flows update.
Why would anyone be buying EM equities right now? Aren't emerging markets a "lost cause," as I put it late last month?
Well, for one thing, I could be dead wrong about emerging markets. I've been wrong before, believe it or not. More than once, I'm told. Additionally, the Fed's going to cut rates this year, and that coul
It’s a bit of a head-scratcher, isn’t t?
You would think the Chinese shares are well “sold out” and sport a hefty short base. But they are not showing much upside from the announcements and flows.
Can Chinese shareholders sell short?
Onshore until a few days ago. Offshore no problem. And your friendly “structured product” group at your favorite investment bank will be delighted to conjure up a package of swaps to achieve the same exposure.