Emerging markets continued to enjoy decent portfolio inflows with a net gain of USD25.3b in September, the IIF estimates, and majority of the inflows was channelled to EM debt markets.

Fixed Income Foreign Flows, Sep 16: Outflows, likely maturity-driven

·         Emerging markets continued to enjoy decent portfolio inflows with a net gain of USD25.3b in September, the IIF estimates, and majority of the inflows was channelled to EM debt markets.

·         In Malaysia, the foreign holdings of debt securities was cut by MYR1.4b to MYR245.5b in September, but was primarily driven by large MGS maturity and evidently, the foreign share of MGS rose to 52.6%, a new high.