Inflows Not Seen Since 1999 Show Hunt for Yields in South Africa

  • Foreigners have bought local stocks for 25 days in a row
  • Funds flowing to emerging markets, Nomura’s Montalto says

South African stocks haven’t registered such a sequence of daily purchases by foreigners in more than 16 years, as a search for higher-yielding assets that started before the U.K.’s vote to leave the European Union persists.

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