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FPIs have been pulling out money from EMs in the past few months. In September, India saw $931 mn of outflows, driven by non-ETF outflows of $1 bn. Other regions seeing sizeable outflows were Taiwan ($832 mn) and Russia ($566 mn). China was an outlier with inflows of $2.1 bn. Shares of consumer discretionary and consumer staples witnessed the most selling in 2018, to the tune of $2.1 bn and $1.3 bn, respectively.
IT and healthcare sectors saw the most buying interest with inflows of $774 mn and $194 mn, respectively. Allocation to India by Asia ex-Japan funds declined to
