Emerging Asia Sees Largest Outflows as Funds Stay Cold on China

Name: Emerging Asia Sees Largest Outflows as Funds Stay Cold on China
Creator: Cbonds
License: https://creativecommons.org/licenses/by/4.0/

December 4, 2023 Asia Financial

Global hedge funds pulled out money from China and broader emerging Asian markets in November, amid a continuing slowdown in the world’s second-largest economy and persistent inflation in the region on the whole. Long/short fund managers remained net-sellers of Chinese equities for a fourth consecutive month, US investment banker Goldman Sachs said, without revealing the figure. The outflows stemmed mainly from a reduction in long bets, it added. This was also the ninth month of net outflows this year, the bank said, dragging emerging Asia to become the region with the largest net outflows across the world. Apart from China, Taiwan also recorded net outflows last month within emerging Asia ...

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Issuer — Goldman Sachs