160  Graph 4 Net portfolio capital flows to emerging economies1 Billions of dollars  120  80  40  0  -40 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2* 2010 2011 2012 2013 2014 2015 2015 1/ Net purchases by non-residents of stocks and bonds in emerging economies.
Emerging economies are Argentina, Brazil, Chile, China, Colombia, the Czech Republic, Egypt, Hungary, India, Indonesia, South Korea, Lebanon, Malaysia, Mexico, Nigeria, the Philippines, Poland, Russia, Saudi Arabia, South Africa, Thailand, Turkey, Ukraine, the United Arab Emirates, and Venezuela. */ Includes estimates for April and May. Source: IIF.