 "India-dedicated funds see $5-billion outflows in one year, shows data")
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
GEM funds are the prime drivers of flows into emerging markets as
