Capital inflow to funds investing in Russian shares comes to $103 mln for the week - EPFR
MOSCOW. July 30 (Interfax) - Capital inflow to funds investing in Russian and CIS shares came to $103 million for the week of July 22-28 while the week's outflow totaled $11 million, according to Emerging Portfolio Fund Research (EPFR).
Vladimir Kuznetsov, an analysts at UniCredit Securities, told Interfax that capital inflow to Russian and CIS funds last week had been exclusively support by capital inflow to shares whereas Exchange Traded Funds (ETF, index and mutual funds traded on the stock exchange) posted a slight outflow for the period.
Between January 1 and July 28, 2010 capital inflow to funds investing in Russian and CIS stocks came to $2.1 billion.
Investment funds in Global Emerging Markets (GEM), in which Russian assets account for 6.6% according to recent stats, showed stable capital inflow coming to $1.7 billion between July 22 and 30.