December 5, 2017 / 10:42 PM / in a year

Emerging market fund flows turn sharply negative in late November -IIF

NEW YORK, Dec 5 (Reuters) - Investor fund flows to emerging markets, which have been enjoying a boom for most of this year, turned sharply negative in late November, with equities particularly hard hit, a bank lobbying institution that tabulates flows data said on Tuesday.

The Institute of International Finance said that expectations that the U.S. Senate would approve a proposed Republican tax reform bill played into the reversal, as did some degree of profit taking. (Reporting By Christian Plumb; Editing by Jonathan Oatis)

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