Analysts at Morgan Stanley said in a note Tuesday that Japan recorded "meaningful inflows" while there has been continued domestic buying of Chinese equities.
In the Asia Emerging Market (EM) Equity Strategy memo, it was explained that EM equity funds saw inflows of $6.7 billion for the week ended January 31, 2024.
"Relative to AUM, China, India and Colombia recorded the largest inflows within EM, while Peru, Mexico and Taiwan recording the largest outflows," analysts wrote.
"China continued to see sizable inflows of US$6.36 bn driven by domestic China funds, while active long-only US and EU funds' selling continue," they added.
Meanwhile, Japan saw total inflows of $1.5 billion, with both foreign and domestic investors seeing meaningful inflows, according to Morgan Stanley.