Morgan Stanley Fixed-EM Fixed Income Flows Update Where Supply Meets Demand-106439468

MFebruary9,202409:50AMGMTMorganStanley&Co.LLCUpdateEMFixedIncomeFlowsUpdateGlobalSimonWaever+1212296-8101+44207677-3254WhereSupplyMeetsDemandStrategist+44207425-3282Simon.Waever@morganstanley.comEMflows:EMDDinflowswereatUS$429mthisweekversusoutflowsofUS+1212761-2344$241minthepreviousweek.MorganStanley&Co.Internationalplc++44207425-2509•HardcurrencymovedbacktosmalloutflowsofUS$168mversusinflowsofJamesKLordUS$188minthepreviousweek.Thiswasaresultofweakersovereignfundflows,whichfellfromUS$607mininflowslastweektoUS$398minStrategistoutflowsthisweek.Balancedagainstthiswasthatmixedsovereign/James.Lord@morganstanley.comcorporatefundflowsimprovednotablyfromUS$201minoutflowslastweektoUS$339mininflowsthisweek.Global-mandatedfundsregisteredPascalNBodeUS$72minoutflowswhileregional/countryfundssawUS$96minoutflows.Non-ETFflowsimprovednotablytoUS$92mininflowsversusUS$424minStrategistoutflowsinthepriorweek,butETFsturnedtooutflowsofUS$260mversusPascal.Bode@morganstanley.cominflowsofUS$612mlastweek.MorganStanley&Co.LLC•LocalcurrencyflowscontinuedimprovingatafasterpacewithUS$567mininflowsthisweekversusUS$170minoutflowsinthepriorweek.ThiswasaEmmaCCerdaresultofbothanimprovementinglobal-mandatedfundflows,whichregisteredUS$293mininflowsfromUS$9minoutflowsaweekago,andanStrategistevenlargerimprovementinregional/countryfundflows,which...