Page 5 - Emerging Markets

India feels the heat as investors face brutal emerging markets selloff

The government raised import taxes on gold, while increasing levies on exports of gasoline and diesel in an attempt to control a fast-widening current account gap.

India-dedicated funds follow global EM trend as outflows hit $547 mn in May

In all, funds tracked by EPFR saw net outflows of $1.2 billion, accounting for nearly a fourth of $5.2 billion outflows by FPIs in May

June sell-off: Most EMs see deeper cuts than India after Fed's rate hike

Month-to-date returns for most stock market gauges are flashing red

MSCI maintains status quo on Asia during annual mkt classification review

India - the sixth biggest stock market globally in terms of market capitalisation - is also classified as emerging market by the MSCI

War in Europe may snuff out global recovery: RBI Dy Governor Michael Patra

Says monetary policy decisions by central banks around the world aimed at their own constituencies. But since inflation is the biggest policy issue right now, it seemed coordinated

UBS expects retail flows into equity markets to slow amid rising rates

Meanwhile, the $23 billion net selling by FIIs (equity) in the Indian market year-to-date (YTD), is, when adjusted for FII AUM, the most intense in over a decade-surpassed only by the GFC, UBS said

Special provisions for emerging markets are non-negotiable: Goyal at WTO

Pushes for reforms in appellate body, which is currently non-functional

India is among the least favoured markets in Asia: Sunil Tirumalai of UBS

As liquidity starts drying up, banks rates start rising and market returns struggle, we expect some level of softness in household market allocations, he said

JPIN launches funds worth $150 mn to promote startups in India, worldwide

The company's investment plans aim to connect start-ups and small businesses worldwide to encourage innovation.

India-dedicated funds see outflows in March, shows EPFR data

Global emerging market (GEM) funds saw inflows worth $653 million, taking the CY22 inflows to about $2.6 billion

Street signs: EM earnings lag developed mkts, paper stocks may shine & more

According to Bloomberg analysis, of the 93 companies that have reported quarterly results until Friday, only one in every four in the MSCI EM index beat dollar-based forecasts

Frothy valuations to take hit as liquidity withdraws: InCred Asset Mgt head

In a Q&A, Mrinal Singh, CEO & CIO of the firm, says Indian markets are better placed than other EMs and there are enough bottom-up opportunities

Emerging markets suffer $9.8-bn outflow in March, a first in 12 months

China's debt and equity market accounted for the bulk of the outflows, while flows into other EMs remained positive

A strong case for a weaker rupee

If the terms of trade shock persist, the rupee will have to be a key part of the needed macro adjustment

Correction fails to rein in expensive market valuation: Fund managers

Experts say if oil prices continue to rise, India's valuation premium-to-EM peers could narrow further

Foreign funds cash out of key Asian emerging markets ahead of Fed meeting

Overseas funds have sold a net $3.1 billion worth of shares in Taiwan, South Korea and India so far this week

Smartron Group secures up to $200mn capital commitment from GEM Group

Smartron has signed an agreement with Global Emerging Markets Group (GEM), wherein the alternative investment organisation will provide a share subscription facility of up to USD 200 million

Market return in 2022 could be in mid-teens, says Samir Arora

As the markets prepare to usher in 2022, Puneet Wadhwa caught up with Samir Arora, founder & fund manager, Helios Capital, on how he sees markets play out in 2022 and factors impacting sentiment

Traders see emerging markets rising in 2022, but not until July

The MSCI gauge of emerging-market stocks has dropped more than 5% this year, trading near the lowest level since 2001 relative to US stocks.

FIIs expected to return to the Indian equity market in 2022: Abhijit Bhave

The recent FII outflows can also be viewed as a year-end phenomenon and a possible knee-jerk reaction to recent events, Bhave said