Asian equities suffer $3.1 billion outflow in August

Earlier this month, Bank of America-Merrill Lynch found that investors are more bearish on emerging market equities than they have been for 13 years, and new survey by HSBC Global Research reinforces this trend. Foreign investors’ shift out of EM-listed equities continues, with the sale in August totalling $3.1 billion, leaving year-to-date inflows at $2.3 billion. And Asia ex-Japan mutual fund outflows totalled $2.4 billion in the 30 days to August 21, says HSBC, citing EPFR Glob…