Capital inflow for funds investing in Russian shares fall to $25.9 mln in week - EPFR
MOSCOW. March 18 (Interfax) - Total net inflow of capital into funds investing in Russian shares in the week March 10-16 amounted to $25.9 million, down from $177.5 million the week before, according to data from Emerging Portfolio Fund Research (EPFR).
Sberbank Investment Research said this was the smallest amount among BRICST (including Turkey) nations. Passive funds investing in Russian stocks increased those investments by $62.7 million. However active funds withdrew $36.8 million, probably because some market participants may be starting to believe that the growth for oil and the Russian stock market is not excessive.
Funds investing only in Russian equities saw outflow of $25.5 million last week, compared with inflow of $79.4 million the previous week, however GEM funds brought in $57.1 million, down from $85.6 million.
