The tide of hot money is turning in favor of Thailand, Indonesia and the Philippines.
Overseas investors have bought a net $1.6 billion of shares in the three Southeast Asian countries in March, poised for the biggest monthly inflow since January 2013. That follows $4.2 billion of withdrawals in the fourth quarter, which matched the largest outflow since Bloomberg began tracking the data in 1999.
Article Source: Bloomberg
Well, yes and no, while foreign investors have been buying in the past few weeks, the numbers look like this for the year, so are they really rushing back in? Local institutions are the main buyers, because they are flush with cash and are damn worried about underperforming the market again.
Image Source: SETSMART