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Withdrawals in global listed funds from Indian markets top $11 bn in cy20

The sharpest pull-out was from India-dedicated funds (both ETF and non-ETF) was at $8 billion, followed by global emerging market (GEM) funds at $2.8 billion

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India-dedicated ETFs — such as MSCI India or FTSE Index — are used by overseas investors to gain access to domestic equities through the passive investment route

Samie Modak Mumbai

1 min read Last Updated : Oct 29 2020 | 12:31 AM IST

Global listed funds pulled out over $11 billion from the Indian markets in the first nine months of 2020. During the same period last year, they had sold shares worth $5.3 billion, according to Kotak Institutional Equities data.

The sharpest pull-out was from India-dedicated funds (both ETF and non-ETF) was at $8 billion, followed by global emerging market (GEM) funds at $2.8 billion. The trend was largely similar in September, with India-dedicated funds pulling out $689 million and GEM funds $184 billion.

India-dedicated ETFs — such as MSCI India or FTSE Index — are used by overseas investors to gain access to

Topics : Global funds Indian stock markets ETFs Emerging markets

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