#NIRPREFUGEES throng emerging markets
What started as a strong gush of money in emerging market bonds, soon found its way into equities as well
#NIRPREFUGEES is among the latest hashtags to be doing the rounds on micro blogging site Twitter. The term perfectly explains what has been happening in global markets for some time now—investors abandoning countries that are following or approaching negative interest rate policies (NIRP), in search of higher-yielding assets across emerging markets. Hence the hashtag #NIRPREFUGEES. From bonds to equities, investors are rushing across markets and borders to grab higher-risk but higher-yielding assets before their neighbours do.