Fund Outflow Leaps
- The Moscow Times
- Jul. 01 2013 00:00
- Last edited 18:44
The capital outflow from funds dealing in Russian shares was $285 million in the week from June 20 to 26, up from $34 million the week before, Interfax reported, citing data from Emerging Portfolio Fund Research.
This is the fifth consecutive weekly outflow after three weeks of inflow. Since the beginning of the year, $1.823 billion has been removed from such funds.
Global funds, focused on emerging markets, are also losing money, according to Uralsib Capital. Last week, these funds lost $3.7 billion, versus $1.7 billion the week before.