Global investors pulled some $100 billion out of equity funds in the first three months of this year.
Photo: Reuters
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Investors Pulled $100bn out of Equity Funds in Q1
Global investors pulled some $100 billion out of the equity funds in the first three months of this year, The Financial Times reported with reference to the survey of Emerging Portfolio Fund Research (EPFR).
According to EPFR, some $19 billion flew into the equity funds in the first quarter vs. the inflow of $49 billion posted a year earlier.
The investors pulled $70 billion from the funds of the United States, Japan and Western Europe in the first quarter, while the funds of Russia, Taiwan, Middle East and Africa benefited from the inflow.
The Russians don’t favor the equity funds any longer. Roughly 164.85 million rubles flew out of the stock funds from February 18 to 22 and the amount was nearly half a billion from February 11 to 15, showed the data of National Managers League. But the equity funds had inflows of 1.8 billion rubles January 21 to 25.
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