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India leads EM pack in foreign flows, attracts close to $6 billion so far

The MSCI India's valuation premium to EM is now at 40 per cent, 3 per cent above the long-term average, according to BofA Securities

Topics
Emerging markets | foreign flows | Market news

Ashley Coutinho 

FPIs
Flows were skewed in favour of sectors, such as industrials ($684 million), energy ($461 million), and discretionary ($404 million)

by into the Indian markets, so far, this calendar have been higher than other (EMs). India attracted close to $6 billion, even as the like Taiwan and South Korea recorded outflows. Within the EM space (excluding China due to unavailability of data), Brazil is the second in terms of FPI flows, with inflows of $4.9 billion.

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First Published: Sun, February 21 2021. 20:44 IST
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