Capital inflow for funds investing in Russian shares rises to $177.5 mln in week - EPFR
MOSCOW. March 11 (Interfax) - Total net inflow of capital into funds investing in Russian shares in the week March 3-9 amounted to $177.5 million, compared with outflow of $49.5 million the week before, according to data from Emerging Portfolio Fund Research (EPFR).
Sberbank Investment Research said in an analytical note that this was the biggest weekly inflow since the Minsk Agreements were signed in February 2015. It said passive funds increased investment $156.2 million and that inflow on the part of active funds was $21.3 million.
The biggest volume of net inflow into Russian equities from March 3 to 9 was via GEM funds, at $85.6 million. Inflow via funds investing only in Russian equities was $79.4 million.
Emerging market funds had inflow fore the second straight week. Overall net inflow was $1.7 billion, the most since July last year.
Investors are becoming more bullish on Russia for two reasons - improved overall investor sentiment towards emerging markets and the resumption of growth for oil prices, Sberbank Investment Research said.