Emerging market funds attract $1.8 Billion worth fresh capital

Monday, 02 May 2011, 15:37 IST
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Emerging market funds attract $1.8 Billion worth fresh capital
New Delhi: Extending their inflows for the fifth straight week, emerging market equity funds attracted $1.8 billion worth of fresh capital last week, says a report. According to data compiled by international fund tracking firm EPFR, emerging market equity funds took in $1.8 billion during the week ended April 27. Besides, flows into Asia ex-Japan equity funds are being supported by renewed faith in the resilience of the region's economic growth, with both India and China expected to maintain a rate of over 9 percent this year. Russia remains the stand out among the four BRIC -- Brazil, Russia, China and India -- markets, with year-to-date flows into Russia Equity Funds now north of $4.5 billion. Further, China equity funds have recorded inflows in four of the past five weeks, their best showing since mid-November.
Source: PTI
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