Capital flow to funds investing in Russia, CIS totals $79 mln for week - experts
MOSCOW. April 22 (Interfax) - The inflow of capital to funds that invest in Russian and Commonwealth of Independent States company stocks totaled $79 million April 14-20 after it reached $262 million the week before, according to Emerging Portfolio Fund Research (EPFR).
Analyst at the investment company UniCredit Securities Vladimir Kuznetsov said that since this year began - or over the past 16 weeks - there was only one week when an outflow of capital from funds investing in Russia was observed. Total inflow to Russian funds came to $4.2 billion from Jan 1 to April 20.
These funds have already attracted 25% more this year than they did in all of last year, Kuznetsov said.
Capital flow into Global Emerging Markets funds also continued and totaled $615 million last week versus $1.643 billion the week before.