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ETFs accounted for a third of record FPI outflows in June, shows data

The EPFR fund-flow data primarily tracks mutual funds, ETFs, closed-end funds, variable annuity funds, and insurance-linked funds

Topics
ETFs | exchange traded funds

Samie Modak 

ETFs, ETF, funds, mutual funds
This indicates flows emanating from passive funds or exchange traded funds (ETFs) are having a considerable sway on the domestic markets

India-dedicated funds saw outflows to the tune of $906 million in June. Meanwhile, funds investing in global emerging (GEM) and other funds (such as those investing in Asia ex-Japan, BRIC and global markets) yanked out $997 million and $354 million, respectively. Total outflows from funds tracked by EPFR Global, a data provider, stood at $2.6 billion, accounting for a third of capital outflows from the domestic market in June.

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First Published: Mon, August 01 2022. 06:10 IST
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