Hot money back in April

HOT money flow, or the movement of portfolio investments in and out of the country, showed a net inflow of $324.75 million in April, reversing the previous month’s net outflow, on optimism about the prospects of the local economy.

“The net inflows arose from investor optimism about the economy’s growth and strong quarterly corporate results, ignoring the possibility of a further cut in the United States Federal Reserve’s quantitative easing program,” the central bank said.