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$7.68 Billion pulled out from global markets in week ended Mar 23

Wednesday, March 30, 2011
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New Delhi: Investors pulled out a whopping net $7.68 billion from global equity markets last week, with emerging markets accounting for $2.65 billion of the total outflows. The huge outflow has been attributed to the continuing nuclear crisis in Japan, coupled with civil unrest in the Middle East and North Africa. During the week ending March 23, equity funds lost $7.68 billion, with emerging-market funds accounting for $2.65 billion of the outflows. Emerging market equity funds are off to a terrible start this year, having lost about $27 billion so far in 2011, according to data compiled by international fund tracking firm EPFR. The report noted that as the week progressed, investors began to return to equities.
Source: PTI
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