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India-dedicated funds see outflows of $5.4 billion, shows EPFR data

Global emerging market (GEM) funds saw inflows of $628 million, taking the 2019 inflows to about $1.2 billion

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Ashley Coutinho Mumbai
India-dedicated funds saw outflows to the tune of $950 million in December, taking their total outflows for calendar year 2019 (CY19) to $5.4 billion, the EPFR data compiled by Kotak Institutional Equities shows.
 
Global emerging market (GEM) funds saw inflows of $628 million, taking the 2019 inflows to about $1.2 billion. Outflows from India-dedicated, GEM, and other categories of funds totalled $363 million in August and $5.3 billion in CY19. Assets under management (AUM) of India-dedicated funds have slid 3.6 per cent in the past year to $44.2 billion. In comparison, AUM of GEMs rose 6.8 per cent to