Investors pour in $12 million from emerging market funds: EPFR

Tags: Equity
Investors have pumped in $12 million into equity funds focused on emerging markets including India within a week, the first inflow since mid- October, says a report.

According to funds tracking company EPFR Global, $12 million has been invested into emerging markets equity funds during the week ended March 25.

Thailand, Chile, Brazil, India and Russia have seen inflows during the week, it said.

The report further noted that inflows into equity funds focused on India climbed to 26-week high during the week.

However, EPFR did not disclose India-specific fund infusion data.

"Emerging markets equity funds came within $12 million of posting inflows for the first time since mid-October as institutional investors went looking for value at the country level," EPFR noted.

Overall, investors worldwide pulled out $8.3 billion from stock funds during the week. Equity funds focused on developed markets accounted for most of the withdrawal.

Investors continued pumping money into equity funds dedicated to the so-called 'PIIGS' markets - Portugal, Italy, Ireland, Greece and Spain - and those looking for regional alternatives to China committed modest sums to India and Korea equity funds.

EDITORIAL OF THE DAY

  • Government must consider Sitharaman’s move to revisit Apple’s application for retail

    Commerce and industry minister Nirmala Sitharaman’s decision to revisit the Apple application for waiver of mandatory local sourcing, if taken serio

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Can Hefa actually become a reality?

The ministry of human resource development (MHRD) is actively wo­rking ...

Zehra Naqvi

Man proved to be a tyrant and a fool

Reading the history of different species is, perhaps, the most ...

Dharmendra Khandal

No one's getting rich overnight by poaching

We often read in newspapers that tiger skin worth Rs ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture