Investors pour in $12 mn from emerging market funds: EPFR
Investors have pumped in USD 12 million into equity funds focused on emerging markets including India within a week, the first inflow since mid- October, says a report.
New Delhi: Investors have pumped in USD 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, USD 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 USD 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 USD 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.