The IIF Capital Flows Tracker includes all of our current portfolio flows data (previously included in our Portfolio Flows Tracker) as well as the broader net capital flow estimates. It is released near the end of each month, and both data sets (portfolio flows and net capital flows) are available for download below. Estimates in the tracker will also feed into our quarterly EM Capital Flows Report.
Portfolio inflows to EMs were $51.1 billion in January, the highest in 12 months. Equity and debt inflows increased to $33 billion and $18 billion, respectively. Net capital flows improved but remained in negative territory in December.
Portfolio inflows to EMs were $3.1 bn in December. Equity and debt flows softened to $2.9 bn and $0.2 bn, respectively. Net capital flows remained in negative territory in November.
Emerging markets saw portfolio inflows of $33.9 billion in November, the strongest inflows since January. Our broader measure of net capital flows remained negative in October, driven by outflows from China.
Non-resident portfolio flows turned negative in October with $7.6 billion in outflows (all from equities-debt saw inflows). China saw non-resident por