Page 8 - RusRPTJan21

2.0​ ​Politics
2.1 ​ ​The Snapback: Russia and EMs see massive inflows of
capital
Emerging markets (EM) saw record amounts of inflows in November and Decemberas the pandemic is expected to recede next year and the political uncertainty from the US presidential elections is almost over.
“We estimate that EM securities attracted around $76.5bn in November, significantly higher than the $23.5bn in October, Recent headlines on potential vaccines, combined with the resolution of uncertainty regarding the US election, have benefited capital flows greatly,” economists Jonathan Fortun said in a​ paper​ on December 1, who tracks capital flows at the Institute of International Finance (IIF), dubbing the change in market sentiment towards the EMs “The Snapback.”
8 ​RUSSIA Country Report​ January 2021 ​ ​www.intellinews.com