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India-dedicated funds see $5-billion outflows in one year, shows data

GEM funds are the prime drivers of flows into emerging markets as they have assets under management of $123 billion

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GEM funds — both ETF and non-ETF— have seen their assets soar 90 per cent in the past year.

2 min read Last Updated : May 30 2021 | 9:01 PM IST

India-dedicated funds saw outflows to the tune of $905 million, taking their 12-month outflow tally to $5.1 billion, according to a report by Kotak Institutional Equities (KIE) based on EPFR data. Global emerging market (GEM), and other funds, such as Asia ex-Japan regional, BRIC and global funds, have managed to more than offset these outflows. GEM funds saw inflows of $522 million in April and nearly $5 billion on a 12-month basis, while other global funds saw inflows of $376 million and $4.1 billion over 12 months.

GEM funds are the prime drivers of flows into emerging markets as

Topics : India-dedicated funds Emerging markets assets under management

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