| FIIs buying big in equity funds |
| N Mahalakshmi / Mumbai March 04, 2006 |
| Fed up with sluggish returns in home markets, US mutual funds investors are upping their stakes in emerging market equities that have shown strong growth trends. According to information sourced from AMG Data Services, the cumulative net flows into emerging market equity funds for January-February 2006 stood at $8.3 billion, a four-fold rise in collection compared with that of the same period a year ago. Asia Pacific ex-Japan Equity Fund collected $2.3 billion against $463 million during the same period last year. |
