Thanks to foreign investors' purchases in the bond market, overall foreign fund inflows via the standard portfolio channels strengthened to USD 792mn during the week of February 1, from USD 10mn in the preceding week.
Foreign investors were net buyers of an eye-catching USD 1.2bn in the local bond market during the week of February 1. Accordingly, cumulative inflows have reached USD 2.8bn so far this year in the bond market.
The equity market, however, suffered the most sizeable weekly outflow since October 2011. Foreign investors were net sellers of USD 279mn during the week of February 1. Y- t-d inflows have declined to USD 0.2bn.
There was also USD 79mn in foreign fund outflows form Eurobonds, which carried the y- t-d inflow figure to USD 404mn.
Source: bne