New Delhi: Investors have pumped in $12 million into equity funds focused on emerging markets, including India, within a week, the first inflow since mid-October.
According to EPFR Global, a funds tracking company, $12 million has been invested into emerging market equity funds during the week ended March 25. Thailand, Chile, Brazil, India and Russia have seen inflows during the week.
The report further noted that inflows into equity funds focused on India climbed to a 26-week high during the week. However, EPFR did not disclose India-specific fund infusion data.
Overall, investors worldwide pulled out $8.3 billion from equity 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.