Asia equity funds attract $156 b; India corners $211 million

Asia equity funds attract $156 b; India corners $211 million

With the Indian equity market touching a 13-month high level last week, flows into India Equity Funds hit a Year-To-Date (YTD) high of $211 million, according to the data complied by international fund-tracking firm EPFR Global.

“Against a backdrop of rising risk appetite and key equity markets at six to ten month highs, Asia, excluding-Japan, Equity Funds funds absorbed $1.56 billion,” EPFR said.

Besides, China and Greater China Equity Funds between them absorbed $711 million and both Russia and Brazil Equity Funds posted inflows in excess of $100 million. The BRICs (Brazil, Russia, India and China) theme continued to resonate with investors with equity funds dedicated to the region receiving new money for a 19th straight week.

With investment in BRIC stocks climbing to more then $ 1 billion in the fourth week of July, EPFR noted that “funds investing in BRICs markets continue to be money magnets.”

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