摩根大通：新兴市场资金周报持续流入_美国大选前新兴市场债券基金持续流入

Investment Rating - The report does not explicitly provide an investment rating for the emerging markets sector Core Insights - Emerging market (EM) bond fund inflows increased to $803 million this week, up from $539 million, while equity inflows rose to $9.8 billion, the largest weekly inflow since tracking began in October 2000 [2][3] - Year-to-date flows for EM bonds and equities are at -$12.7 billion and -$2.2 billion, respectively [2][3] - Non-resident EM portfolio flows showed significant outflows from India, totaling -$3.2 billion, while Hungary led outflows with -$447 million [3] Summary by Sections EM Bond Flows - EM bond flows were $803 million this week, with local currency inflows at $405 million and hard currency inflows at $399 million [2][3] - ETF outflows accelerated to -$11 million, while non-ETF inflows rose to $814 million [2][3] - Within local currency, EM ex-China saw inflows of $407 million, while China-focused funds experienced outflows of -$2 million [2][3] EM Equity Flows - EM equity funds saw inflows of $9.8 billion this week, an increase from $7.2 billion [2][3] - ETFs contributed significantly with inflows of $10.1 billion, while non-ETFs had outflows of -$292 million [2][3] - Regional breakdown showed Asia ex-Japan with inflows of $9.2 billion, while EMEA and Latam had outflows of -$52 million and -$46 million, respectively [2][3] Global Cross-Asset Funds - US high-grade (HG) fund inflows were $4.6 billion, down from $5.8 billion, while US high-yield (HY) fund outflows increased to -$318 million [2][3] - Non-resident EM portfolio flows indicated a trend of outflows, particularly from local bonds [3] High-Frequency Trends - EM retail bond fund flows showed a weekly increase to $803 million, with hard currency at $335 million and local currency at $341 million [12][13] - EM retail equity fund flows reached $9.79 billion, with significant contributions from regional funds [30][39] - EM Asia ex-Japan hard currency bond funds saw inflows of $17 million, with a year-to-date cumulative flow of -$3.5 billion [20]