India-focused offshore funds see $1.2-billion outflows in February

Listed offshore funds invested in India saw outflows of close to $1.2 billion in February. The outflows were driven largely by India-dedicated funds. Passively managed funds, or exchange-traded funds (ETFs), saw $233 million in outflows, while the figure stood at $929 million for non-ETF flows ($1.16 billion total outflows).
 
Listed emerging market flows were negative for all countries, except Brazil and Russia. China and South Korea saw outflows of $3.5 billion and $1.7 billion, respectively. Selling from foreign institutional investors (FIIs) has accelerated in March amid the virus outbreak. In India, FIIs have sold over Rs 55,000 crore worth