Fund outflows reach US$3.89bnBy Kao Shih-ching / Staff reporterThe nation’s net foreign fund outflow totaled US$3.89 billion last month, the first outflow over the past six months, as foreign institutional investors continued to sell local shares amid the COVID-19 outbreak, Financial Supervisory Commission (FSC) data showed. “That reflected weak confidence among foreign institutional investors amid the ongoing outbreak. However, the commission was not concerned about last month’s net outflow, as the amount was not particularly big, Wu said. Last month’s difference between the amount of fund outflow and the amount of foreign institutional investors’ selling could be because some investors did not immediately move their funds out of Taiwan, Wu said. Chinese institutional investors reported a net fund outflow of US$3.7 million after selling a net NT$316 million in local shares last month, the commission’s data showed.

Source: Taipei Times March 06, 2020 15:56 UTC