AN HOUR AGO Trump allies Barr, Giuliani at odds on discredited election… AN HOUR AGO U.S. Senate leader McConnell urges new COVID-19 aid in broa… AN HOUR AGO California dive boat captain charged with manslaughter in m… AN HOUR AGO Asian shares edge lower but stimulus, vaccine hopes provide… AN HOUR AGO Scarce early vaccine supply should go to health workers, nu… AN HOUR AGO U.S. plans for first COVID vaccines as pandemic deaths surg… AN HOUR AGO Massachusetts lawmakers approve major police reform bill 2 HOURS AGO Discover Thomson Reuters Directory of sites Login Contact Support World Business Markets Breakingviews Video More United States EMERGING MARKETS DECEMBER 1, 20205:44 PMUPDATED 12 HOURS AGO Vaccine, U.S. election news drive record $76.5 billion inflow to EM: IIF By Reuters Staff 2 MIN READ NEW YORK (Reuters) - Foreign investors poured a record $76.5 billion into emerging market portfolios in November, powered by positive COVID-19 vaccine news and the apparent normalization of the U.S. transfer of power, the Institute of International Finance said in a report on Tuesday. FILE PHOTO: A small shopping basket filled with vials labeled "COVID-19 - Coronavirus Vaccine" is placed on a U.S. flag in this illustration taken November 29, 2020. REUTERS/Dado Ruvic/Ilustration About $39.8 billion made its way to emerging market equities, the second-largest monthly cash inflow towards the asset class on record, with China seeing about $7.9 billion. Some $36.7 billion was directed toward bonds and other debt. The monthly debt flows were the tenth highest on records kept by IIF. (Graphic: Non-resident 2020 cash flows to emerging markets by region ) ADVERTISEMENT Reuters Graphic The November figure compares to net inflows so far this year of $166.5 billion according to the IIF data. Year to date, stocks have seen a net $16.6 billion inflow while nearly $150 billion has poured into debt portfolios. “Recent headlines on potential vaccines, combined with the resolution of uncertainty regarding the U.S. election, have benefited capital flows greatly,” wrote IIF economist Jonathan Fortun. He added there continues to be “growing differentiation in flows to EM, with some markets still lagging and not capturing all the benefits of this rally, and other markets benefiting from high liquidity.” This year also saw the largest monthly outflow on record when $90 billion exited non-resident emerging market portfolios in March, as uncertainty over the effect of the COVID-19 pandemic sent investors rushing out of riskier assets. (Graphic: 2020 foreign flows to emerging markets by asset ) Reuters Graphic Reporting by Rodrigo Campos; Editing by Kim Coghill Our Standards: The Thomson Reuters Trust Principles. MORE FROM REUTERS ADVERTISEMENT TRENDING STORIES U.S. prosecutors investigating potential White House "bribery-for-pardon" scheme U.S. Senate leader McConnell urges new COVID-19 aid in broad funding bill U.S. judiciary, shaped by Trump, thwarts his election challenges Fact check: False article claims Barack Obama was ‘arrested for espionage’ VW bets on Porsche racecar engineer to help overtake Tesla